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Red Hat (RHT) Shows Strength: Stock Adds 5.2% in Session

Zacks Equity Research
Updated

Red Hat, Inc. RHT was a big mover last session, as its shares rose a little over 5% on the day. The move came after the company announced solid fourth-quarter 2017 results. This led to far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $81.31 to $84.51 in the past one-month time frame.

None of the estimates for this stock were revised over the past 30 days while the Zacks Consensus Estimate moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.

Red Hat currently carries a Zacks Rank #3 (Hold).

Red Hat, Inc. Price

 

Red Hat, Inc. Price | Red Hat, Inc. Quote

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A better-ranked stock in the Computer - Software space is Dassault Systèmes SE DASTY, carrying a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is RHT going up? Or down? Predict to see what others think: Up or Down

More Stock News: 8 Companies Verge on Apple-Like Run

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Red Hat, Inc. (RHT): Free Stock Analysis Report
 
Dassault Systemes SA (DASTY): Free Stock Analysis Report
 
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