Home > Boards > Free Zone > User's Groups > Momentum Plays Only

FNMA and Freddie momentum plays to watch.

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
beeboys1 Member Profile
 
Followed By 4
Posts 856
Boards Moderated 2
Alias Born 03/22/09
160x600 placeholder
beeboys1   Saturday, 10/16/10 07:36:25 PM
Re: None
Post # of 9 
FNMA and Freddie momentum plays to watch.

10/15/10
(1) (OTCBB) Fannie Mae FNMA
FNMA had a nice technical breakout over its 50-day moving average this week. There seems to be some nice momentum building in FNMA. A key area of resistance for FNMA that traders and investors will be watching will be the critical .41 level. A weekly close above this level for FNMA could send the stock much higher.

(2) (OTCBB) Freddie Mac FMCC
Just like Fannie Mae, Freddie Mac had a nice breakout over it's 50-day moving average. Both stocks are running in tandem. A weekly breakout over .44 cents could spark another round of momentum buying.





Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist