Glowing red light in night sky

Object was a bright red glowing light, moving slowly from the horizon to a point about 11:00 in the sky.Obcect was moving from the north to the southeast.  At the 11 o'clock position the object stabilized.....no movement for about 30-45 seconds, then began a slow movement to the north east, eventually fading out of sight.
The appearance was an very bright red light, steady-not flashing.  The speed of movement was exceptionally slow.  There was no sound.   An aircraft passed higher in the sky moving east to west at the same time.