Monday, March 29, 2010

FNM Watch

Fannie Mae (FNM) opened within Friday's trading range with a downward move that has covered 1.9% high to low so far today.

Today's low, at $106, is at the same price as Friday's close.

trendadxpsarppsmacdmacd
trend
stosto
trend
FNM $1.08

The price pattern could be interpreted as a pennant -- a continuation pattern -- with March 9 rise from 99¢ to $1.17 as the base. Continuation in this case would a continuation up, I would think, something that flies in the face of all the signals except the sto.

I say sloppy because there are some piercings of the upper and lower trendlines, but with a low priced stock, where the minimum movement is about 1% of the price, quantum leaps are common.

Next earnings are March 6.

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: green for up, red for down, yellow for sideways
  • adx: green for above 30-up, red for 20-down, yellow 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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