Thursday, February 28, 2013

Red Hat (RHT) is Near Its 52-Week Low

Red Hat (RHT) has been off my radar. Yesterday (02013.02.27), TheStreet.com had a posting with the headline: "Red Hat Rises On Unusually High Volume (RHT)".

RHT closed yesterday (02013.02.27) at $50.55. 52-week range: $46.34 - $62.75. Hmm... RHT, which trades on the NYSE, is close to making a new 52-week low. The DJIA average ended yesterday at 14,075.37, which is close to its all-time high.

[Update::02013.02.28] Barclays Capital gave RHT an 'Overweight' rating. Barclays' target price is $60, but mine is $67.48.

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