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April 7, 2021, 2:02 p.m. EDT

How to Develop Investment Plans for Redfin Corporation Common Stock $RDFN

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Apr 07, 2021 (Stock Traders Daily via COMTEX) -- Investors in Redfin Corporation Common Stock /zigman2/quotes/203726414/composite RDFN -5.14% like to make good decisions, that means they like to buy and sell at the right times, and to do that the best tools involve charts, pivot points, and the technical data. Below, we have provided a snapshot for RDFN that reveals this information at the time of this article. The data can be used to improve the timing of buy and sell decisions. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports .

Technical Summary

The Technical Summary and Trading Plans for RDFN help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this RDFN Report.

There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

The technical summary data is suggesting a short of RDFN as it gets near 67.22, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 67.41. 67.22 is the first level of resistance above 65.25, and by rule, any test of resistance is a short signal. In this case, if resistance 67.22 is being tested, so a short signal would exist.

COMTEX_384059578/2570/2021-04-07T14:01:38

Is there a problem with this press release? Contact the source provider Comtex at editorial@comtex.com. You can also contact MarketWatch Customer Service via our Customer Center.

/zigman2/quotes/203726414/composite
US : U.S.: Nasdaq
$ 62.18
-3.37 -5.14%
Volume: 2.08M
May 5, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$6.82 billion
Rev. per Employee
$211,731
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