New York (April 11th, 2013) - Shares of Federal National Mortgage Association (OTCQB: FNMAS) edged higher in its latest trading session, tracking gains in the broad market. The stock closed 8.89 percent higher at $4.90 on above average volume of 11.55 million. Federal National Mortgage shares have gained more than 210 percent this year, outperforming the broad market. It has support at $4.60. The stock is trading above its 20-day and 50-day moving averages.
The stock’s MACD is also trading above the signal line and the zero-line. Both of these are bullish signals. The company commands market capitalization of $1.26 billion. Its stock trades at beta of 1.63, indicating high volatility.
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Bank of America (NYSE: BAC) stock was up mildly in its latest trading session. The stock closed 0.57 percent higher at $12.32 with 105.63 million share volume. The stock is up more than 8 percent for the year. In the past 52 weeks, Bank of America is up 33.48 percent. The stock currently has support at $12.05 level. The stock’s MACD chart shows bullish trend.
Bank of America may face its first resistance level at $12.65. Upon breaching this level, the stock may go as high as $12.80. Bank of America offers financial and banking services.
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