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Red Hat (RHT) Gains As Much As 19.12% After BUYINS.NET Report Predicted On August 30th The Stock Would Rally On Seasonal Streng

^{Published on 2010-09-29 09:45:47, Last Modified on 2010-12-22 18:55:27 - WOPRAI}
 

September 29, 2010 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net , a provider of unique trading technologies, released a report on August 30th, 2010 stating that Red Hat (NYSE: RHT) was expected to be higher due to seasonal strength in the stock. Click here to view the BUYINS.NET report: http://www.buyins.net/releases/?id=122286

The results of the prediction are the following:

Symbol 8/30/2010 Hi Since $Change % High 9/28/2010 $Change % Today

RHT $35.04 $41.74 $6.70 19.12% $41.27 $6.23 17.78%

By identifying stocks that are poised to go up or down based on seasonal tendencies, traders can increase their odds of making money. SqueezeTrigger.com is able to analyze over 20 years of data in less than 1 second for any stock in the market and determine if the stock has a long or short seasonal bias, how many trading days the move is expected to last, the probability of that move and the percentage move the stock is expected to make based on the seasonal bias. The technology used to generate these predictions is available for a low monthly fee at: http://www.squeezetrigger.com/services/strat/mh.php

Red Hat, Inc. (NYSE: RHT), together with its subsidiaries, provides open source software solutions to enterprises worldwide. The company offers Red Hat Enterprise Linux, an operating system designed for enterprise computing; JBoss Enterprise Middleware that provides a suite of products for developing, deploying, integrating and managing distributed, composite, and Web-based applications and services; and Red Hat Enterprise Virtualization for Servers, which is designed to enhance server utilization and deployment flexibility. It also offers other Red Hat enterprise technologies, which comprise Red Hat MRG that integrates open and scalable messaging; Red Hat Developer, which provides integrated development environments and support for application developers; Red Hat Cluster Suite that features clustering and uses application fail-over technology; Red Hat Global File System, a clustered file system, which is designed for commercial and technical computing applications; Red Hat Certificate System, an authentication system for limiting access to mission-critical resources and data; and Red Hat Directory Server that centralizes application settings, user profiles, group data, policies, and access control information into a network-based registry. In addition, the company provides Red Hat systems management solutions, such as RHN, RHN Satellite, JBoss CSP and JBoss ON; and infrastructure enterprise technologies, including software development tools, clustering of systems and services, and directory services. Further, it offers consulting, training, and support services. The company sells its enterprise technologies through subscriptions. It has strategic alliances with Advanced Micro Devices, Inc.; Intel Corporation; and Wipro Ltd. The company was formerly known as Red Hat Software, Inc. and changed its name to Red Hat, Inc. in June 1999. Red Hat, Inc. was founded in 1993 and is headquartered in Raleigh, North Carolina.

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