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Mortgage Stocks on the Move: (OTCQB: FNMA), (OTCQB: FMCC)


New York, NY -- (ReleaseWire) -- 04/02/2013 --Federal National Mortgage Association (OTCQB: FNMA) is trading in the range of $0.81 and $1.00 in its current trading session. The stock recorded the volume of 36.541 million shares so far, in comparison its average daily trading volume of 15.363 million shares. The stock opened at $0.90 and is currently at $0.93, up 17.10 percent from its previous close of $0.80. Federal National Mortgage has its first resistance level at $0.96 while it faces the support at $0.89. If the stock breaches this level, it may go touch $0.85.

Federal National Mortgage reported net income of $17.2 billion for 2012, its biggest ever annual profit.

Find out if FNMA could maintain its momentum in the very short term here:

Federal Home Loan Mortgage Corporation (OTCQB: FMCC) shows bullish trend as the stock made a sharp upward movement in its latest trading session. It opened the session at $0.87 and remained in $0.78 and $0.90 price range during the session. The stock is 11.14 percent higher at $0.85. Federal Home Loan Mortgageā€™s first support level is at $0.81. Upon breaching this level, the stock may touch $0.79. On the upside, its first resistance level is at $0.88. The stock has traded 13.898 million shares so far.

The company commands market capitalization of $2.74 billion and deals in residential mortgage insurance market.

Find out where FMCC could be headed here:

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