How Benzinga’s view on $RDW changed

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2026-09-15Bearish
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RDW technicals are weak (struggling with 50/200-day SMAs, 20-day SMA pressure); no confirmed bottom yet; requires closing above 11 or holding 250-day SMA for confidence.

I was uh somebody mentioned about uh Redwire. Looks like a nice week or two trade. Um, you know, to me it it's looking like it's trying to um, you know, slow down the selling or recover at the very least.

But I don't like that we're it's struggling to recapture and hold these uh 50 and and 200 uh day SMAs all while you have the uh the 20day SMA coming down to apply pressure. Uh, I think we need to see this start closing above 11.

Now, you might have a, you know, better opportunity picking it up down here underneath that price. I just am not confident quite yet that this is, you know, we're seeing um that that we've got a bottom established here from this recent uh selling after it went up to 14.

Um at least that's that's in my view. I could be wrong about that, but I think that I'd much rather prefer a recapture and hold above the 250day SMAs.