U.S. lifts $400 billion cap for Fannie, Freddie - CNBC

U.S. lifts $400 billion cap for Fannie, Freddie - CNBC

FRE 

Immediate Support: $1.036

Immediate Resistance: $1.297

FNM

Immediate Support:  $0.917

Immediate Resistance:  $1.132

 Things to watch out:

• 20D MA crosses up 50D MA - A bullish sign.
• Whether FRE & FNM can stay above the 200D MA
• Whether FRE & FNM can show a higher high & higher low uptrend pattern.