This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

5 Stock Charts You Need to See

Fannie Mae

Those supply and demand forces are exactly what makes Fannie Mae ( FNMA) look doomed right now.

Fannie Mae has been a roller coaster ride over the last six months. The $2 billion OTC-traded name has seen its share price rally more than 362% year-to-date, but shares are down more than 70% just since the end of May. That's some serious volatility.

>>Why the Fed's "Taper Tantrum" Doesn't Matter

$1.50 has been a key level for FNMA. It was important resistance back in March (signaling a major breakout when it got taken out), and it's been acting as support ever since. Well, until yesterday, that is. FNMA broke $1.50 in yesterday's session, flooding the market with shares and knocking buyers on the ground. From here, downside in FNMA looks most likely, even if we see a hiccup in today's session.

Only experienced traders should play with Fannie Mae. This thing is a whipsaw machine, and I'd argue that risk management is a lot more critical to trading it successfully than timing is.
4 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
AMD $1.83 0.00%
BRK.B $129.83 0.00%
FNMA $2.24 0.00%
FB $92.07 0.00%
WFC $51.26 0.00%


Chart of I:DJI
DOW 16,472.37 +200.36 1.23%
S&P 500 1,951.36 +27.54 1.43%
NASDAQ 4,707.7750 +80.6910 1.74%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs