New York, NY -- (ReleaseWire) -- 03/28/2013 --Federal National Mortgage Association (OTC:FNMA) shows bearish trend as the stock made a sharp downward movement in its latest trading session. It opened the session at $0.57 and remained in $0.51 and $0.57 price range during the session. The stock is 9.27 percent lower at $0.545. Federal National Mortgage Association’s first support level is at $0.54. Upon breaching this level, the stock may go as low as $0.53. On the upside, its first resistance level is at $0.55. The stock has traded 22.37 million shares so far, while its regular trading volume stands at 25.09 million.
The company deals in secondary mortgage market.
Find out if FNMA could bounce back in the upcoming trading sessions here: http://www.monstertradingalerts.com/market-scan/?symbol=FNMA
A.P. Pharma Inc. (OTC:APPA) traded in the range of $0.28 and $0.39 during its latest trading session. The stock had opened at $0.28 and is at $0.352, down 39.31 percent from its previous close with heavy volume. A.P. Pharma recorded the volume of 35.15 million shares. Its average daily trading volume stands at 2.28 million shares. The stock price is trading above its short term moving average price and long term moving average price of $0.35. A.P. Pharma is likely to remain bearish in short term time frame and may find its first support level at $0.35.
The stock is down on the news of its chemo-induced nausea drug being denied approval.
Find out what could be next for APPA here:
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