Getting My Redhat Back On: Long at $57.27
I'm a bit bummed out that I didn't get in on the Ball Corp (BLL) breakout today. But I am quite happy about the chance that was presented to me with Redhat (RHT). I actually traded RHT earlier this month in the $55's and it is no doubt higher since I got stopped out at a shade below breakeven. But this time actually looks better on the chart as it is breaking out of a double-bottom formation short-term and out of consolidation from the past few weeks.
Stop, Target and Entry on the chart.
Here's the trade setup in RHT.