TMCnet News
Redwood Trust Up 73.3% Since SmarTrend Uptrend Call (RWT)Jan 17, 2013 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified an Uptrend for Redwood Trust (NYSE:RWT) on January 10th, 2012 at $11.03. In approximately 12 months, Redwood Trust has returned 73.33% as of today's recent price of $19.11. In the past 52 weeks, Redwood Trust share prices have been bracketed by a low of $11.06 and a high of $19.16 and are now at $19.11, 73% above that low price. The 200-day and 50-day moving averages have moved 0.83% higher and 1.22% higher over the past week, respectively. Redwood Trust, Inc., a real estate investment trust, specializes in owning, financing, and credit-enhancing high-quality jumbo residential mortgages loans. The Trust also finances United States real estate through its mortgage backed securities and commercial loans portfolios. SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Redwood Trust shares.Log in and add Redwood Trust (RWT) to your watchlist today so you can receive a real-time alert when the shares are about to change trend. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |