Redfin ( NASDAQ:RDFN ) shares are on the rise thanks to a decrease in mortgage rates and the White House’s proposed mortgage relief tax credit. The technology-driven real estate company has experienced a significant uptick in new home listings, resulting in a 13% increase nationwide and a 1.7% boost in total homes for sale. The U.S. housing market has grown by...
RDFN is a stock we bought in my Alpha Stocks service on June 27 when it broke out above resistance at 11.50.
It rallied 50% over the next three weeks but has now pulled back to a level where I would consider adding to or taking a new position.
Redfin is a powerful stock, but it also has a history of 15-20% pullbacks throughout its up moves. As of Friday...
Redfin Corporation operates as a residential real estate brokerage company in the United States and Canada. The company operates an online real estate marketplace and provides real estate services, including assisting individuals in the purchase or sell of home. It also provides title and settlement services; originates and sells mortgages; and buys and sells...
REDFIN $RDFN is about to break out of it's descending triangle on the daily.
This has MASSIVE long written all over. Still waiting for confirmation but this could be a big one!
