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Redwood Trust Shares Up 51.8% Since SmarTrend's Buy Recommendation (RWT)

By Amy Schwartz

SmarTrend identified an Uptrend for Redwood Trust (NYSE:RWT) on February 25th, 2016 at $10.95. In approximately 18 months, Redwood Trust has returned 51.78% as of today's recent price of $16.62.

In the past 52 weeks, Redwood Trust share prices have been bracketed by a low of $13.20 and a high of $17.45 and are now at $16.62, 26% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 1.5%.

Redwood Trust, Inc. is an internally-managed specialty finance company focused on making credit sensitive investments in residential loans and other mortgage-related assets, as well as residential mortgage banking activities. For tax purposes, Redwood is structured as a REIT

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.

Keywords: spotlights redwood trust

Ticker(s): RWT