Redwood Financial (OTC:REDW) Trading Up 6% – Time to Buy?

Redwood Financial, Inc. (OTC:REDWGet Free Report) shares rose 6% on Tuesday . The stock traded as high as $233.24 and last traded at $233.24. Approximately 4,665 shares traded hands during mid-day trading, an increase of 264% from the average daily volume of 1,280 shares. The stock had previously closed at $220.00.

Redwood Financial Stock Up 6.0%

The stock has a 50 day moving average of $220.26 and a 200 day moving average of $210.82.

About Redwood Financial

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Redwood Financial, Inc operates as the financial holding company for HomeTown Bank that provides various banking products and services in Minnesota. It offers checking, savings, money market, and demand deposit accounts; IRAs and HSAs; certificates of deposit. The company also provides personal, home equity/HELOC, real estate, business, and agricultural loans. In addition, it offers property, casualty, crop, and health/life insurance products; ATMS, bill pay, notary, safe deposit box, wire transfer, positive pay, remote deposit capture, merchant card, and ACH transaction processing services; credit cards; and online, phone, and mobile banking services.

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