The following is a little Fannie Mae (FNM) stock technical analysis for September 8, 2009Fannie Mae (FNM) Support & Resistance Levels - 9/8/09
Resistance Levels: $1.77, $1.90, $2.13
Support Levels: $1.70, $1.50, $1.25
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Fannie Mae (FNM) closed right at the 10 day moving average on Friday after hitting $1.26 two days prior. Resistance will be right at the 10 day moving average as well as $1.90. If FNM can break and close above $1.90, we could be looking at another retest of the highs. Current support is located at $1.70 and $1.50. Keep in mind, FNM is a trading stock only.... most think there is little or no value left in the company. For more Technical Analysis - Go Here
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