Monday, April 26, 2010

FNM Watch

Fannie Mae (FNM) remains in bull phase on the major signallers, but the macd and stochastic continue to deteriorate.
trendadxpsarppsmacdmacd
trend
stosto
trend
FNM $1.24

The stock is trading within Friday's range and has declined by 1.6% in intra-day trading.

The price pattern remains consistent with a developing symmetrical triangle that, if the pattern goes by the book, will end with a 26¢ increase from the apex, which appears to be around $1.27.

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This signal will be followed in the daily Watchlist, which is posted beginning around 2:45 p.m. Eastern. Look for it at www.timbovee.com.

Abbreviations:
psar - Parabolic Stop and Reverse
adx - Average Directional Index
pps - Person's Proprietary Signal
ma20 - 20-day moving average
macd - Moving Average Convergence-Divergence
mfi - Money Flow Index
sto - Fast Stochastic


About the glance: The colors indicate the state of each signal.

  • trend: Determined by the 5-day moving average, green for up, red for down, yellow for sideways
  • adx: orange for above 30-up, blue for 20-down, purple for in the middle. Red is most prone to whipsaws
  • psar, pps, macd: green for bull mode, red for bear
  • sto: green for overbought, red for oversold, yellow for the neutral zone.


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