Fannie Mae FNM Stock Analysis 11/2/09

The following is a little Fannie Mae (FNM) stock technical analysis for November 2, 2009

Fannie Mae (FNM) Support & Resistance Levels - 11/2/09

Resistance Levels: $1.12, $1.27, $1.51

Support Levels: $1.00, $0.95

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Fannie Mae (FNM) stock is basically a zombie company but can still provide good trading opportunities. The stock has closed above the 10 day moving average for several weeks so if I see a close over the 10 day moving average, I would be a buyer for a quick bounce trade. Support is located at $1 which must hold. For more Technical Analysis - Go Here

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