Redfin (RDFN) Crossed Above the 20-Day Moving Average: What That Means for Investors

Group 1 - Redfin (RDFN) has shown a technical bullish trend after surpassing resistance at the 20-day moving average, indicating a potential upward movement in stock price [2] - Over the past four weeks, RDFN shares have increased by 11.8%, and the stock currently holds a Zacks Rank 3 (Hold), suggesting further potential for gains [3] - Positive earnings estimate revisions support the bullish outlook for RDFN, with 9 estimates raised in the past two months and no reductions, leading to an increase in the consensus estimate for the current fiscal year [3]