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

signal a downward trend. After reaching an important support level, Redfin (RDFN) could be a good stock pick from a technical perspective. RDFN surpassed resistance at the 20- day moving average, suggesting a short-term bullish trend. The 20-day simple moving average is a popular investing tool. Traders like this SMA because it offers a look back at a stock's price over a shorter period and helps smooth out price fluctuations. The 20-day can also show more trend reversal signals than longer-term moving aver ...