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beeboys1

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beeboys1

Re: None

Saturday, 10/16/2010 7:36:25 PM

Saturday, October 16, 2010 7:36:25 PM

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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.



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