Federal National Mortgage Association(FNM) is in an downtrend

(28-Jan-2008) (28-Jan-2008) Federal National Mortgage Association(FNM) closed at 33.04, up 1.24 or 3.9 % for the day. Based on our analysis, Federal National Mortgage Association(FNM) is in an downtrend.

The closing price of Federal National Mortgage Association(FNM) is below its 50 day moving average of 35.46 (Designated by blue line). This indicates that the trend is down. The MACD histogram(Gray bars on the bottom) below the signal line(Dark Red Line) tells us that Federal National Mortgage Association(FNM) is losing momentum. The loss of momentum in a downtrend confirms that the downtrend is intact. The MACD histogram crossed below the signal line on 22-Jan-2008, about 6 trading days ago.