Fannie Mae-No Politics (FNMA)

[rjanderson383]

It opened up much higher than I expected. I was thinking 1.50 but it was 1.55.

So far today the 1.50 support has held. This is just a psychological support. Resistance is at the 50, 20, and 10 Day Moving averages, which are 1.67, 1.63, and 1.57

I'm just watching to see if the whole day...except for last 30 min can hold the 1.50 support. If it does, I may enter at end of day.