Freddie Mac FRE Stock Analysis 8/31/09

The following is a little Freddie Mac (FRE) stock technical analysis for August 31, 2009

Freddie Mac (FRE) Support & Resistance Levels - 8/31/09

Resistance Levels: $2.50, $2.95

Support Levels: $2, $1.80

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Freddie Mac (FRE) stock has been exploding to the upside in August and is now hitting up against some strong resistance at $2.50. If FRE can break through and close over $2.50, I think it has a shot at testing $2.95. If you are waiting for a pullback, $2 is support as well as the 10 day moving average ( currently at $1.80 but rising rapidly each trading day ).

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