Change of DirectionRWT on the weekly Chart has a long wick candle resting on the 50 EMA on the bottom of and uptrend parallel channel, SRSI is in oversold region, possibility of a hopeful reversal.
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0.54 USD
−6.27 M USD
772.09 M USD
130.66 M
About Redwood Trust, Inc.
Sector
Industry
CEO
Christopher J. Abate
Website
Headquarters
Mill Valley
Founded
1994
FIGI
BBG000JNJPB0
Redwood Trust, Inc. is a financial company, which focuses on several distinct areas of housing credit. It operates through the following segments: Residential Mortgage Banking, Business Purpose Mortgage Banking, and Investment Portfolio. The Residential Mortgage Banking segment consists of a mortgage loan conduit that acquires residential loans from third-party originators for subsequent sale, securitization, or transfer into the investment portfolio. The Business Purpose Mortgage Banking segment includes the platform that originates and acquires business purpose residential loans. The Investment Portfolio segment covers the organic investments sourced through the residential and business purpose mortgage banking operations. The company was founded by George E. Bull III, Douglas B. Hansen and Frederick H. Borden on April 11, 1994 and is headquartered in Mill Valley, CA.
RWT a hopeful climb?It seems RWT may *may* be cycling up. It appears at this time to be possibly making a reversal. Please look at the formation of the SRSI and RSI levels which are approaching acceptable levels. The MACD may hopefully cross. Paper trade safely friends.
RWT -- mind the gapRWT 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
$RWT Redwood Trust Inc Trade Setup
Potential long entry today on a break above the 2062 pivot point.
Alert set for $9.15
Potential target $10.00 short term
RWT Looking like a good buyWe 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
$RWT Redwood Trust, Inc. upside targets 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 co
RWT LongThis 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
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