Redwood Trust Inc (RWT) fell below its 200-day moving average of $5.76, trading as low as $5.67 and down about 2.5% on the day. The move is a short-term technical negative and suggests weakening price momentum rather than a change in fundamentals.
Redwood Trust Inc (RWT) fell below its 200-day moving average of $5.76, trading as low as $5.67 and down about 2.5% on the day. The move is a short-term technical negative and suggests weakening price momentum rather than a change in fundamentals.
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mildly negative
Sentiment Score
-0.15
Ticker Sentiment
