TRADING TIPS

RHT: Risky

Hubert Senters here. Let’s take a look at Red Hat, RHT. This is the type of stuff that you don’t like to see and that regardless of lines having it doesn’t really matter. The entire market is going up for the most part and Red Hat gapping down. I don’t really know why nor do I care. But that’s a bad thing, okay. So if it breaks this area of $130.74 it is probably going to start dropping a little bit faster and further into the area of $123-ish and could potentially go all the way down to $96. So if you are long RHT, Red Hat just be careful. Make sure you get a good stop-loss in there and that you are comfortable with the amount of risk that you are taking. Good luck. Hope it helps. And I’ll see you on the next video. Hubert.

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