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

Chart - http://www.stockcharts.com

Discuss Stocks - http://stockstobuy.org

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

Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks

For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free

Fannie Mae FNM Stock Analysis 9/28/09

The following is a little Fannie Mae (FNM) stock technical analysis for September 28, 2009

Fannie Mae (FNM) Support & Resistance Levels - 9/28/09

Resistance Levels: $1.64, $1.78

Support Levels: $1.50, $1.37, $1.26

Chart - http://www.stockcharts.com

Discuss Stocks - http://stockstobuy.org

Fannie Mae FNM is back testing the $1.50 support level which was the low last Monday. If $1.50 is broken, there is huge downside risk to $1.26-$1.40. The only way I would buy FNM is if the stock closed back over the 10 day moving average. Until then, this stock is to risky for me to hold.

If you are willing to take the risk, a pullback to the 50 day moving average would be a solid support level. For more Technical Analysis - Go Here

Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks

For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free

Fannie Mae FNM Stock Analysis 9/21/09

The following is a little Fannie Mae (FNM) stock technical analysis for September 21, 2009

Fannie Mae (FNM) Support & Resistance Levels - 9/21/09

Resistance Levels: $1.73, $1.90

Support Levels: $$1.50, $1.29

Chart - http://www.stockcharts.com

Discuss Stocks - http://stockstobuy.org

Fannie Mae has been slowly drifting downward over the past week due to the lack of volume and buyers. If you are trading FNM, it is important to watch the volume. In order for FNM to really move, it needs to trade at least 150-200 million shares per day. When FNM goes up on 40-50 million shares in the first hour of trading, you know something is cooking. Also, watch strong resistance located at $1.73. FNM failed twice over the past two weeks at $1.73. I will only buy FNM stock above this level. For more Technical Analysis - Go Here

Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks

For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free

Fannie Mae FNM Stock Analysis 9/8/09

The following is a little Fannie Mae (FNM) stock technical analysis for September 8, 2009

Fannie Mae (FNM) Support & Resistance Levels - 9/8/09

Resistance Levels: $1.77, $1.90, $2.13

Support Levels: $1.70, $1.50, $1.25

Chart - http://www.stockcharts.com

Discuss Stocks - http://stockstobuy.org

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

Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks

For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free

Fannie Mae FNM Stock Analysis 9/3/09

The following is a little Fannie Mae (FNM) stock technical analysis for September 3, 2009

Fannie Mae (FNM) Support & Resistance Levels - 9/3/09

Resistance Levels: $1.66, $1.72, $1.90

Support Levels: $1.50, $1.37, $1.32

Chart - http://www.stockcharts.com

Discuss Stocks - http://stockstobuy.org

Fannie Mae (FNM) is trading back under the 10 day moving average....I would be a buyer if FNM closes back above the 10 day or retests the 50 day moving average. Until then, the 10 day moving average is going to be a strong resistance level and risk to the downside is large. FNM is still in an uptrend unless it closes below the $1.32 high from early August. Watch the 10 day moving average which today should be around $1.70ish. For more Technical Analysis - Go Here

Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks

For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free

Fannie Mae FNM Stock Analysis 8/31/09

The following is a little Fannie Mae (FNM) stock technical analysis for August 31, 2009

Fannie Mae (FNM) Support & Resistance Levels - 8/31/09

Resistance Levels: $2.13, $2.50, $2.76

Support Levels: $2, $1.95, $1.75

Chart - http://www.stockcharts.com

Discuss Stocks - http://stockstobuy.org

Fannie Mae (FNM) closed over $2 Friday which is very bullish. The next resistance I am watching out for is $2.13 from Tuesday which failed on Friday at $2.12. After $2.13, there is no major resistance until around $2.50 and up to $2.76. The $1.95-$2 area should offer a nice support level for the stock going forward. I would be a buyer of pullbacks to the 10 day moving average.

For more Technical Analysis - Go Here

Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks

For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free

Fannie Mae FNM Stock Analysis 8/25/09

The following is a little Fannie Mae (FNM) stock technical analysis for August 25, 2009

Fannie Mae (FNM) Support & Resistance Levels - 8/25/09

Resistance Levels: $1.84, $2, $2.60, $2.76

Support Levels: $1.43, $1.36, $1.20

Chart - http://www.stockcharts.com

Discuss Stocks - http://stockstobuy.org

Fannie Mae Inc ( FNM ) continues to surge on heavy volume as shorts cover their positions. FNM has done everything technicians look for, break out, retest the 10 day moving average, and then break out again. While this is a daytrading stock and is probably a zombie company, I continue to like pullbacks to the 10 day moving average for a trade. The next time FNM stock pulls back to 10 day moving average, I will jump back in. On the upside, there is resistance at Monday's high of $1.84 as well as $2. A close above $2 would be huge and there isn't any major resistance until $2.50-$2.60. It is important to note that this is a trading stock only....I wouldn't be chasing it...use tight stops. For more Technical Analysis - Go Here

Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks

For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free