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September 25, 2008 | admin | Comments 0

Fannie Mae (NYSE: FNM) is TheSUBWAY Stock Traders Pick of the Day

We are getting into Fannie Mae (NYSE: FNM) this morning.  After what appears to be a recent bottom we are seeing confirmation of upside momentum in Fannie Mae (NYSE: FNM):

Click here to visit TheSUBWAY Blog (The charts you are seeing may not be aligning correctly with our comments on the site our pick is being picked up by);
http://stock-promoter.thesubway.com/thesubway-clients/fannie-mae-nyse-fnm-is-thesubway-stock-traders-pick-of-the-day/781

Fannie Mae (NYSE: FNM) is TheSUBWAY Stock Traders Pick of the Day

Recent bottom in Fannie Mae (NYSE: FNM):

Fannie Mae (NYSE: FNM) is TheSUBWAY Stock Traders Pick of the Day

Volume has been building in Fannie Mae (NYSE: FNM), which is showing us strength:

Fannie Mae (NYSE: FNM) is TheSUBWAY Stock Traders Pick of the Day

Stochastics for Fannie Mae (NYSE: FNM) are also in excellent position for a continued move to the upside:

Fannie Mae (NYSE: FNM) is TheSUBWAY Stock Traders Pick of the Day

Our daily chart is showing upside momentum:

Fannie Mae (NYSE: FNM) is TheSUBWAY Stock Traders Pick of the Day

Our 15 minute chart is also showing momentum in Fannie Mae (NYSE: FNM):

Fannie Mae (NYSE: FNM) is TheSUBWAY Stock Traders Pick of the Day

We are anticipating a strong move to the upside in Fannie Mae (NYSE: FNM), which we we will see confirmation forming in our Weekly chart, whereas the Stochastics will start to turn upward forming an upward trend:

Fannie Mae (NYSE: FNM) is TheSUBWAY Stock Traders Pick of the Day

Our PHILS X2 chart also just turned blue, which signals institutions are buying Fannie Mae (NYSE: FNM):

Fannie Mae (NYSE: FNM) is TheSUBWAY Stock Traders Pick of the Day

We are seeing tremendous upside potential in Fannie Mae (NYSE: FNM), it is above resistance of $1.52, as seen with our PHILS X1 chart with the next resistance at $27.37!  We will be following Fannie Mae (NYSE: FNM) with a tight trailing stop of about .10:

Fannie Mae (NYSE: FNM) is TheSUBWAY Stock Traders Pick of the Day

TheSubway.com acknowledges and thanks the principles of www.philsgang.com site for their permission in allowing us the use and demonstration of the their Phil’s X-1 and Phil’s X-2 charting software.

Full disclosure: Long at time of writing   -   Disclosure of Conflicts of Interest

All material herein was prepared by CRG Partners, Inc. (CRGP) based upon information believed to be reliable. The information contained herein is not guaranteed by CRGP to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. CRGP is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on http://www.thesubway.com or mentioned herein. CRGP may have been compensated by third party shareholders with shares or with cash from the company on behalf of one or more of the companies mentioned in this opinion. CRGP’s Licensors, affiliates, officers, directors and employees may own shares and intend to buy and sell additional shares of the company mentioned herein and may profit in the event those shares rise in value.

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