Freddie Mac FRE Stock Analysis 9/28/09

The following is a little Freddie Mac (FRE) stock technical analysis for September 28, 2009

Freddie Mac (FRE) Support & Resistance Levels - 9/28/09

Resistance Levels: $1.92, $2.15

Support Levels: $1.80, $1.51

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Freddie Mac FRE closed below the 10 day moving average on Friday. The next major support level is $1.80. If FRE closed below $1.80, I wouldn't even touch it. The next major support level is all the way down at $1.51 and then the 50 day moving average. On the upside, if FRE can close above $2.15, I would buy the stock for a quick trade. For more Technical Analysis - Go Here

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