Tuesday, April 10, 2012

hammer candle on FNMA

Charts are from Etrade.
Yersterday there was a tug of war between buyers and sellers. Today a bullish trend may be in place. Despite the market being down over 1 1/2% FNMA closed up a little to $.27. there was even someone trying to sell 1,608,800 shares at .27 starting around 2:00 pm.The RSI and Stockastics are also pretty well used up as well. I think this is bullish for FNMA;  it may have hit its low yesterday.

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