Red Hat trades lower after results, levels to watch The shares are bearishly filling the bullish gap up from late December of last year, which is a bearish indicator for future price action. On a 6-month daily chart the price action since late December resembles an island top although it isn't one precisely on a technical basis since there was no gap in price below $54.05, the low of the range. It may behave like one however. Next support based on the current price of $53.17 is at $52.10 and then at $51.51. Resistance is at $54.05.
Red Hat announces OpenStack shared file system service Red Hat announced a technology preview of Red Hat Gluster Storage with capabilities from the OpenStack community’s new Manila project. Expanding the options for hybrid cloud storage, Red Hat Gluster Storage now provides enterprises with a scale-out shared file system service for OpenStack cloud infrastructures.
Credit Suisse to hold a conference 4th Annual Disruptive Technology Conference is being held in San Francisco on May 13-14 with webcasted company presentations to begin on May 13 at 10:35 am; not all company presentations may be webcasted. Webcast Link