Fannie Mae(FNM) has rising momentum with an uptrend

(28-Apr-2008) (28-Apr-2008) Fannie Mae(FNM) closed at 30.02, down -0.91 or -2.94 % today. Based on our analysis, Fannie Mae(FNM) has rising momentum with an uptrend.

The closing price of Fannie Mae(FNM) is above its 50 day moving average of 27.41 (Designated by blue line). This indicates that the trend is up. The MACD histogram(Gray bars on the bottom) above the signal line(Dark Red Line) tells us that Fannie Mae(FNM) is gaining momentum. An uptrend with with rising momentum is a good omen for the stock. The MACD histogram crossed above the signal line on 25-Apr-2008, about 3 trading days ago.