Wednesday, May 01, 2013 3:03:17 PM
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.
Recent RWT News
- Redwood Trust Announces Common Dividend Increase of 6.25% to $0.17 Per Share for the Third Quarter 2024 • Business Wire • 09/11/2024 08:15:00 PM
- Redwood Trust Reports Second Quarter 2024 Financial Results • Business Wire • 08/01/2024 11:00:00 AM
- Redwood Trust Announces Date of Second Quarter 2024 Financial Results Webcast and Conference Call • Business Wire • 07/11/2024 08:15:00 PM
- Redwood Trust Prices $85.0 Million Senior Notes Offering • Business Wire • 06/13/2024 09:45:00 PM
- Redwood Trust Declares Second Quarter 2024 Common and Preferred Dividends • Business Wire • 06/11/2024 08:15:00 PM
- Redwood Trust Reports First Quarter 2024 Financial Results • Business Wire • 04/30/2024 08:15:00 PM
- Redwood Trust Announces Date of First Quarter 2024 Financial Results Webcast and Conference Call • Business Wire • 04/16/2024 08:15:00 PM
- Redwood Trust and CPP Investments Announce $750 Million Strategic Capital Partnership • Business Wire • 03/19/2024 11:30:00 AM
- Redwood Trust Hosts Investor Day and Celebrates 30th Anniversary • Business Wire • 03/12/2024 08:15:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/07/2024 09:16:00 PM
- Redwood Trust Declares First Quarter 2024 Common and Preferred Dividends • Business Wire • 03/07/2024 09:15:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/04/2024 09:33:53 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 02/29/2024 12:27:35 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/20/2024 09:15:56 PM
- Redwood Trust Reports Fourth Quarter 2023 Financial Results • Business Wire • 02/20/2024 09:15:00 PM
- Form 5 - Annual statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/02/2024 09:35:34 PM
- Redwood Trust Announces Date of Fourth Quarter 2023 Financial Results Webcast and Conference Call • Business Wire • 02/01/2024 09:15:00 PM
- Redwood Trust Announces Dividend Tax Information for 2023 • Business Wire • 01/29/2024 09:15:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/22/2024 09:23:53 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 01/22/2024 07:03:13 PM
- Form 8-A12B - Registration of securities [Section 12(b)] • Edgar (US Regulatory) • 01/22/2024 11:02:15 AM
- Redwood Trust Prices $60.0 Million Senior Notes Offering • Business Wire • 01/18/2024 01:30:00 AM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 01/17/2024 02:27:57 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/17/2024 02:25:16 PM
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Maybacks Global Entertainment and Lingerie Fighting Championships Enter Into Broadcast And Revenue Sharing Agreement • AHRO • Sep 26, 2024 8:30 AM
North Bay Resources Commences Operations at Bishop Gold Mill, Inyo County, California; Engages Sabean Group Management Consulting • NBRI • Sep 25, 2024 9:15 AM
CEO David B. Dorwart Anticipates a Bright Future at Good Gaming Inc. Through His Most Recent Shareholder Update • GMER • Sep 25, 2024 8:30 AM
Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • BLOZF • Sep 24, 2024 8:50 AM
Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • INTV • Sep 24, 2024 8:45 AM