FNMA and FMCC had another great day today, both cr
Post# of 98056
FNMA and FMCC had another great day today, both creating new 52 week highs for the 3rd straight day in a row, and both up over 50% on the week so far. Being that tomorrow is a Friday and shares are up nicely on the week, we could see some consolidation into the weekend. The strength each have shown this week make them more than worth keeping on an extended watch list.
FMCC - Continued Watch - (Freddie Mac) - closed up 19.76%, at $2.00 a share, on nearly 51 million shares traded today. Shares saw a new 52 week high for the third day in a row, at $2.05 a share, and could make another new high tomorrow morning if momentum carries over from today. Each price dip this week has been met with strong accumulation, which was again the case today, and what we told you to look for this morning before moving higher. If this trend continues, shares could keep moving higher over the next several weeks, similar to that of AAMRQ. Keep it on close watch.
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