Tuesday, May 24, 2011

Red Hat :(RHT)

A top is in place.
Prices broke out of the triangular top and have subsequently bounce up to retest the
ex-support line and continued the downward bias taking with it the 50days MA

How far will prices go ?
200days MA stands at $42.50
$40 to close gap.
Is the sentiment bear enough to go for $40 ?

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