New York, NY -- (SBWIRE) -- 03/05/2013 -- Federal National Mortgage Association (OTCQB: FNMA) stock is at $0.285, down 2.06 percent from its previous close of $0.29. The stock opened the session at $0.29 and touched its highest price point at $0.294. Federal National Mortgage Association stock’s lowest price point for the session stood at $0.2761. The stock is likely to maintain its neutral trend in the near term and medium term.
Federal National Mortgage Association stock may touch $0.28 level in the coming trading sessions. The company provides secondary mortgage services and is based out of Washington in the District of Columbia.
Get the latest trend analysis reports on FNMA here: http://www.wallstreetreport.net/market-scan/?symbol=FNMA
Federal National Mortgage Association (OTCQB: FNMAS) traded in the range of $1.76 and $2.00 during its latest trading session. The stock had opened at $1.95 and is at $1.97, down 5.29 percent from its previous close of $2.08. Federal National Mortgage Association recorded the volume of 515k shares. Its MACD chart shows neutral trend and the stock may go as low as $1.55 in the coming sessions. Upon breaching this level, the stock may tumble to $1.25.
Federal National Mortgage Association stock is trading above its very short term SMA price of $1.93. The company offers securitization services for mortgage loan lenders.
Find out more on FNMAS by getting the free trend analysis report here: http://www.wallstreetreport.net/market-scan/?symbol=FNMAS
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