FNM Watch

Fannie Mae (FNM) credit up for a third straight day, and the macd continued to rise toward the zero for a fifth trading day.

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
FNM $0.94

At 10:29 a.m. Eastern

Today's extremely narrow trading range, so far this morning, is within the the range set on May 24, the day the most recent swing high was set, at 97¢.

Narrow trading in FNM is more attractive that other narrow trading, of course. With a price of 93¢ or so, every penny means a 1% move.

The parabolic sar and Person's Proprietary Signal remain in bear phase. The stochastic has moved out of oversold territory back into the neutral zone.

Reversal Levels

• $1.14, +21.3%
• $0.99, +5.3% (Fibonacci retracement 61.8%)
• $0.97, +3.2%
• $0.94 <== You are here.


• $0.89, -5.3%


• $0.88, -6.4%

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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
• 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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