Federal Home Loan Mortgage (FRE) NewsBite - FRE Covered In Lee Allen Report Today

Thursday, October 02, 2008 10:44 AM EDT

Federal Home Loan Mortgage (FRE) was covered in a Lee Allen Report today and the stock is now at $1.80, down $0.09 (-4.76%) on volume of 14,192,605 shares traded. To see the report, and read Lee's thoughts on the credit crunch, go to http://www.iotogo.com/la100208 . Over the last 52 weeks the stock has ranged from a low of $.25 to a high of $65.88. Federal Home Loan Mortgage stock has been showing support around $1.68 and resistance in the $2.04 range. Technical indicators for the stock are neutral and S&P gives FRE a neutral 3 STARS (out of 5) hold ranking. We will just watch this one for now. There are no hedged trades we like the look of for FRE. [ABR-Seven Summits Strategic Investments NewsBite]

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