Red Hat, Inc. provides open source software solutions to enterprise customers worldwide. The company also offers enterprise-ready open source operating system platforms. Its products include Red Hat Enterprise Linux, an operating system designed for enterprise computing; Red Hat JBoss Middleware, which offers a range of middleware offerings for developing, deploying, and managing applications, such as hotel and airline reservation systems, online banking, credit card processing, securities trading, healthcare systems, customer and partner portals, retail and point-of-sale systems, and telecommunications network infrastructure that are accessible through the Internet, corporate intranets, extranets, clouds, and virtual private networks; and Red Hat Virtualization, a virtualization solution for server and desktop computers that combines the kernel-based virtual machine hypervisor with the oVirt open source virtualization management system. In addition, the company offers other Red Hat enterprise technologies, including Red Hat Messaging, Real-time, and Grid that integrates open and scalable messaging; and Red Hat Directory Server that centralizes application settings, user profiles, group data, policies, and access control information into a network-based registry. Further, it provides various cloud, storage, and systems management offerings, as well as offers training, consulting, and support services.
Please take a look at the 1-year chart of RHT (Red Hat, Inc.) below with my added notations:
It's relatively straightforward. RHT has been holding a very important level of support at $50 (navy) for the last (8) months. No matter what the market has or has not done over that period of time, RHT has not broken below that area of support. If the market should move lower, RHT would most likely break that support and move lower from there.
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