Fannie Mae (FNMA) Spikes 266% In One Week

Wow, look at this move. FNMA's RSI is at 96.91! Here's why it spiked via WSJ:

"The rebounding housing market has helped return Fannie Mae to profitability and now might allow the government-controlled mortgage-finance company to do the once unthinkable: repay as much as $61.5 billion in rescue funds to the U.S. Treasury."

Source: StockCharts.com

Comments

  1. $FNMA up another 25% to $1.35. RSI almost at 98.

    http://www.flickr.com/photos/dvolatility/8577756798/

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  2. WOW, now up 34% at $1.45. This is an amazing run.

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