The Traderszone Network

Published in TZ Latest News 30 December, 2015 by The TZ Newswire Staff

This Software Stock Bucked Market With A New High

Red Hat barely extended gains Wednesday, following up on a breakout from a flat base at 83.10. It rose 0.12 to 83.65 in light volume in the penultimate session of the year. The stock broke out on Dec. 18 after its latest earnings report. While the stock closed up over 3% for the day, it still reversed well off its highs and below the buy point. On Tuesday, Red Hat made it back above the buy point and added to the gains Wednesday.

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