Fannie Mae-No Politics (FNMA)

[10bambam]

Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) Outlook

Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) closed down -0.205 at 1.495. Volume was 274% above average (trending) and Bollinger Bands were 217% wider than normal.

Open High Low Close Volume___
1.635 1.650 1.430 1.495 33,893,416

Technical Outlook
Short Term: Oversold
Intermediate Term: Bearish
Long Term: Bearish

Moving Averages: 10-period 50-period 200-period
Close: 2.72 3.62 3.77
Volatility: 256 133 110
Volume: 30,057,706 10,379,802 16,130,496

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary

FANNIE MAE is currently 60.3% below its 200-period moving average and is in an downward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term. Our volume indicators reflect very strong flows of volume out of FNMA.OB (bearish). Our trend forecasting oscillators are currently bearish on FNMA.OB and have had this outlook for the last 36 periods. Our momentum oscillator is currently indicating that FNMA.OB is currently in an oversold condition.
http://www.livetradingnews.com/federal-national-mortgage-assctn-fnni-otcbbfnma-outlook-74313.htm#.VC1kXbl0xqM