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RWT
5 REITs You Should Buy in May
http://www.stockpickr.com/5-reits-you-should-buy-may.html-0?puc=yahoo&cm_ven=YAHOO
Redwood Trust
Last, but certainly not least, is Redwood Trust (RWT), a mortgage REIT. Just like BioMed, Redwood is currently bouncing higher within an uptrending channel. And even though this stock’s price action has been a little bit more volatile than BMR’s, this stock looks tradable right now.
Redwood’s channel has come with its share of tests over the last couple of quarters. Shares popped through the top of the channel back in March, but they settled back into a short-term downtrend immediately after, bringing RWT back to re-test trendline support for a sixth time this week. While the downtrend looks ominous at first, remember that it’s one degree smaller than that uptrend that’s been in place since October.
So until that trendline support level gets violated, it’s the more important of the two trends to watch; it should still have the wherewithal to overpower that near-term downtrend.
Momentum adds some extra evidence to this trade. While 14-day RSI had been trending lower alongside the short-term downtrend in RWT, it popped higher this week. Since momentum is a leading indicator of price, that bodes well for Redwood’s ability to bounce here. I’d recommend being a buyer of this REIT on the next white-bar day.
~ Wednesday! $RWT ~ Earnings posted, pending or coming soon! In Charts and Links Below!
~ $RWT ~ Earnings expected on Wednesday *
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.
http://stockcharts.com/h-sc/ui?s=RWT&p=D&b=3&g=0&id=p88783918276&a=237480049
http://stockcharts.com/h-sc/ui?s=RWT&p=W&b=3&g=0&id=p54550695994
~ Google Finance: http://www.google.com/finance?q=RWT
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=RWT#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=RWT+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=RWT
Finviz: http://finviz.com/quote.ashx?t=RWT
~ BusyStock: http://busystock.com/i.php?s=RWT&v=2
<<<<<< http://www.earningswhispers.com/stocks.asp?symbol=RWT >>>>>>
http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916
*If the earnings date is in error please ignore error. I do my best.
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