New York, NY -- (SBWIRE) -- 03/21/2013 -- Federal National Mortgage Association (OTCQB: FNMA) is trading in the range of $0.55 and $1.47 in its current trading session, creating its new 52 weeks high in the process. The stock recorded the volume of 114.458 million shares so far, in comparison its average daily trading volume of 8.116 million shares. The stock opened at $1.14 and is currently at $0.66, down 38.90 percent from its previous close of $1.08. Federal National Mortgage has its first resistance level at $0.69 while it faces the support at $0.64. If the stock breaches this level, it may go touch $0.60.
Federal National Mortgage deals in mortgage insurance.
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Federal Home Loan Mortgage Corporation (OTCQB: FMCC) shows bearish trend as the stock made sharp downward movement in its latest trading session. It opened the session at $1.14 and remained in $0.53 and $1.44 price range during the session. The stock is 31.49 percent lower at $0.74. Federal Home Loan Mortgage’s first support level is at $0.70. Upon breaching this level, the stock may touch $0.65. On the upside, its first resistance level is at $0.80. Federal Home Loan Mortgage has traded in the range of $0.14 and $1.44 in the past 52 weeks.
The company deals in mortgage insurance segment.
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