U.S. lifts $400 billion cap for Fannie, Freddie – CNBC

U.S. lifts $400 billion cap for Fannie, Freddie – CNBC

FRE 

Immediate Support: $1.036
Immediate Resistance: $1.297

FNM

Immediate Support:  $0.917
Immediate Resistance:  $1.132

 Things to watch out:
  • 20D MA crosses up 50D MA – A bullish sign.
  • Whether FRE & FNM can stay above the 200D MA
  • Whether FRE & FNM can show a higher high & higher low uptrend pattern.

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