Should You Buy Redwood Trust (RWT) After Golden Cross?

After reaching an important support level, Redwood Trust, Inc. (RWT) could be a good stock pick from a technical perspective. RWT recently experienced a "golden cross" event, which saw its 50-day simple moving average breaking out above its 200-day simple moving average.A golden cross is a technical chart pattern that can signify a potential bullish breakout. It's formed from a crossover involving a security's short-term moving average breaking above a longer-term moving average, with the most common moving ...