Red Hat (RHT) has broken above resistance in the $122 area and is making new highs. It resembles prior consolidation breakouts that followed similar periods of very narrow overall range.
These compressed periods took the Bollinger bandwidth indicator to a very low reading. Periods of low volatility are often followed by high volatility. Chaikin money flow suggests the stock has been under accumulation which supports the breakout thesis.
It looks like Red Hat is headed higher and it could be a volatile move.