Federal Home Loan Mortgage (FRE) NewsBite - FRE Covered In Bloomberg Video Report Today

Posted on Tuesday, August 19, 2008 10:45 AM

Federal Home Loan Mortgage (FRE) was covered in a Bloomberg Video Report today and the stock is now at $4.16, down $0.23 (-5.24%) on volume of 23,815,454 shares traded. To see the video report go to http://www.marketintelligencecenter.com/VideoNews . Over the last 52 weeks the stock has ranged from a low of $3.89 to a high of $65.88. Federal Home Loan Mortgage stock has been showing support around $3.66 and resistance in the $5.80 range. Technical indicators for the stock are neutral and S&P gives FRE a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on FRE the stock seems like it could be a candidate for a September out-of-the-money bear-call credit spread above the 6 range. [ABR-Seven Summits Strategic Investments NewsBite]

Stocks To Watch Today: MS, PBR, GM, F, MRK, BTU, NEM, BJ, PRU, UNP, TEVA, ACE (Click Symbol For Latest News)

Enter your email address below and Click on the [Sign Up] button to receive our exclusive daily Morning Market Update plus a FREE password for access to the news, insight and intelligence that can make a difference in the way you invest.

eMail Address:

del.icio.us

Portions of this content may be copywritten by Fresh Brewed Media, Wall Street Secrets Plus, Investors Observer, VHS, LLC., and RealTimeTraders.com. SmartReadMX and related technologies are covered by US Patent Office # 60/631,747.