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

Tuesday, August 19, 2008 10:45 AM EDT

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]

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