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Fannie Mae (NYSE: FNM) is TheSUBWAY Stock Traders Pick of the Day (FNM, rated BUY)

September 26, 2008

We are getting into Fannie Mae (NYSE: FNM) this morning.  After what appears to be a recent bottom we are seeing confirmation of upside momentum in Fannie Mae (NYSE: FNM):

Recent bottom in Fannie Mae (NYSE: FNM):

Volume has been building in Fannie Mae (NYSE: FNM), which is showing us strength:

Stochastics for Fannie Mae (NYSE: FNM) are also in excellent position for a continued move to the upside:

Our daily chart is showing upside momentum:

Our 15 minute chart is also showing momentum in Fannie Mae (NYSE: FNM):

We are anticipating a strong move to the upside in Fannie Mae (NYSE: FNM), which we we will see confirmation forming in our Weekly chart, whereas the Stochastics will start to turn upward forming an upward trend:

Our PHILS X2 chart also just turned blue, which signals institutions are buying Fannie Mae (NYSE: FNM):

We are seeing tremendous upside potential in Fannie Mae (NYSE: FNM), it is above resistance of $1.52, with the next resistance at $27.37!  We will be following Fannie Mae (NYSE: FNM) with a tight trailing stop of about .10:

Fannie Mae (NYSE: FNM) is TheSUBWAY Stock Traders Pick of the Day (FNM, rated BUY)

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