AcornWealthCorp
Short

RHT - Short from 72.83 up to 60 area

NYSE:RHT   RED HAT INC
79 0 2
In long frame RHT             forming a head & shoulder pattern & in short frame it is breaking down from an upward channel. Money-flow is heading down.

We think it may fall down to 60 area, and break of 72.85 will be good short entry.
On the option side we are looking for Jan17, 75 put, last traded for $5.5

You can check our detailed analysis on RHT             in the trading room/ Executive summery link here-
https://www.youtube.com/watch?v=WmZHtSxbMAg
Time Span: 5:10"
Trade Status:
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