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

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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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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

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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

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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

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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

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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

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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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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

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FNM - FRE Support / Resistance Levels - 9/2/09

This morning, Freddie Mac (FRE) & Fannie Mae (FNM) are breaking down bigtime in pre marlet as a guest on CNBC came on and gave information on how to break up both companies. The Futures are lower as well which is not helping either.

For a trade, I will be buying FRE and FNM if they break up through their High of the Day after 9:40am EST.

Until then, here are some support levels to watch if you are boldly trying to catch the falling knife.

Fannie Mae (FNM) - Support = $1.36, $1.28, $1.16, $1 Resistance = $1.52

Freddie Mac (FRE) - Support = $1.73, $1.60, $1.34 Resistance = $1.90


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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.

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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

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FNM Stock Analysis March 30 2009 3/30/09

The following is technical analysis of Fannie Mae ( FNM ) stock for 3/30/09

FNM Support and Resistance Levels - March 30, 2009

Resistance Levels: $0.75, $1.00

Support Levels: $0.58, $0.50

http://stockcharts.com - Chart

FNM stock has closed back below the 10 day moving average...the first signs of weakness but we will have to give this a few days. Resistance will be at $0.75 which is the 10 day moving average and the high on Friday. If FNM can poke above this level, there will be signs of life once again. Watch $0.75 from here on out. If FNM fails to get back above $0.75 and stay there, the 50 day moving average is the next major support level located at $0.58. For a long term stand point, I will be buying the first close over $1.00. For More Technical Analysis - Go Here

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AIG FNM FRE Stock 3/20/09 March 20, 2009

It's going to be a rough day tomorrow for American International Group ( AIG ), Fannie Mae ( FNM ), Freddie Mac ( FRE ), and Sirius Satellite Radio ( SIRI ).

All four stocks are down in afterhours trading tonight 3/20/09.


Fannie and Freddie are down due to profit taking and the fact that CNBC's Jim Cramer said tonight they are worth Zero.

AIG Stock is down due to profit taking and the fact that Washington is all over them with the bonus issue.

Sirius Satellite Radio ( SIRI ) is down tonight due to profit taking and the fact that it has doubled in three days.

After Market Stock Quotes/Prices

American International Group ( AIG ) - $1.48 Down 8.64%
Freddie Mac ( FRE ) - $0.91 Down 9.94%
Fannie Mae ( FNM ) - $0.89 Down 8.25%
Sirius Satellite Radio ( SIRI ) - $0.30 Down 7.69%

Palm ( PALM ) - $7.26 Down 5.84% - Palm loss widens significantly as sales plunge


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FNM Fannie Mae stock 9/03/08 - FNM Stock Breaking out

Fannie Mae ( FNM ) is breaking out to $7.65 early in trading today as the comapny has sold 2 billion dollars worth of bills, CNBC says this is a sign that things are no so bad with Fannie Mae FNM.

FNM the largest U.S. home funding source, said on Wednesday it sold $2 billion of short-term debt at lower interest rates compared with a week earlier.
The company sold $1 billion of three-month benchmark bills due Dec. 3, 2008 at a stop-out rate, or lowest accepted rate of 2.553 percent and $1 billion of six-month bills due March 4, 2009 at a 2.858 percent stop-out rate.

The three-month bills were priced at 99.355 and have a money market yield of 2.570 percent, and the six-month bills were priced at 98.555 and have a money market yield of 2.900 percent, according to Fannie Mae.

On Aug. 27, Fannie Mae sold $1 billion of three-month bills at a 2.580 percent stop-out rate and $1 billion of six-month bills at a 2.870 percent stop-out rate.