I was letting my dogs out at about 9;30pm when i noticed a bright red object in the sky hovering about 500 ft up in the sky. i thought it may have been a helicopter but there was no noise, it just hovered, a solid red light outlined the object sort of pentagon or diamond shape, it also had a green/white light on top of it sort of off center of the object. i ran in the house to get my wife to see this object when she came outside it began to move about a couple hundred feet then stopped, then about 30 sec later it took off due west of my house, not real fast but moving pretty quickly, it then disappeared over the horizon. i was excited to see this object my wife was questioning what it was.