The following is a little Freddie Mac (FRE) stock technical analysis for September 21, 2009Freddie Mac (FRE) Support & Resistance Levels - 9/21/09
Resistance Levels: $1.88, $1.96, $2.00
Support Levels: $1.80
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Freddie Mac (FRE) continues to fail at closing over the 10 day moving average. When this changes and the stock can remain over the 10 day, I think you will see a nice gain to the upside. Support has been around $1.80 and this will need to keep holding.
Besides the 10 day moving average being resistance, I would be watching $1.96 and $2. I will be buying FRE when it closes over $2 for a trade. For more Technical Analysis - Go Here
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