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Bullish Two Hundred Day Moving Average Cross - RHT

By Market News Video Staff, Friday, December 21, 12:37 PM ET
Play Video: Learn About The 200 DMA

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In trading on Friday, shares of Red Hat Inc (NYSE:RHT) crossed above their 200 day moving average of $54.36, changing hands as high as $55.42 per share. Red Hat Inc shares are currently trading up about 3.9% on the day. The chart below shows the one year performance of RHT shares, versus its 200 day moving average:

Red Hat Inc 200 Day Moving Average Chart

Looking at the chart above, RHT's low point in its 52 week range is $39.19 per share, with $62.75 as the 52 week high point that compares with a last trade of $54.74.

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According to the ETF Finder at ETF Channel, RHT makes up 4.20% of the iShares S&P North American Technology-Software Index Fund ETF (AMEX:IGV) which is trading lower by about 0.4% on the day Friday.

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