RWT is at the high of the day and about to break into the gap that was created when the stock dropped following the last ex-dividend date in September. As always, this can go different ways: Maybe it keeps marching up to close the gap, maybe it drops back down into the declining regression channel that goes back to the high from the beginning of September. Maybe...
Potential long entry today on a break above the 2062 pivot point. Alert set for $9.15 Potential target $10.00 short term
We have 2 declines off the channel Only one Rise off the channel Take profit around 7.25 to 8.00\ Buy from 6.50 to 7.00 Stop loss at the bottom of the channel or 6.50
Redwood Trust, Inc. engages in the business of investing in mortgages and other real estate-related assets. It operates through the segments: Residential Lending, Business Purpose Lending, Multifamily Investments, Third-Party Residential Investments, and Corporate. The Residential Lending segment consists of a mortgage loan conduit that acquires residential loans...
Mkt Perform → Mkt Outperform $10
This chart for RWT displays the stability of this stock especially since the start of 2018. The most that this stock dropped was down to $14 and the most it moved up was $18 over the past 2 years(about 25% move). There are some clear resistance and support lines for RWT. This is a great stable stock that in my opinion is very cheap at this moment.