Bearish MACD for Redwood Trust – Tale of the Tape

Redwood Trust, Inc.’s (RWT) MACD indicator has entered into bearish territory with a reading of -0.0295. The Zacks #5 Rank (“Strong Sell”) stock decreased slightly to $14.89 in morning trade. The Zacks Consensus Estimate for the year ending December 2011 has decreased by a penny over the past week to $1.11 per share.