AMR Corporation (OTCMKTS:AAMRQ) Up 3.39% On Merger Talks, Federal Home Loan Mortgage Corp (OTCBB:FMCC) Joins Fannie Mae and Climbs 37.50%

Posted by Ryan Mandell May 24, 2013 0 Comment 1966 views


Northern, WI 05/24/2013 (GDPInsider) – AMR Corporation (OTCMKTS:AAMRQ) opened trading today at 5.61, 0.01 cent better than its previous close of 5.60. Range for the stock is 5.61 and 5.78 with volume of 2.522 million (average volume is 8.941 million). AAMRQ has been showing strong trading in recent months and has climbed 1,526.40% on its 52-week low of 0.3560 since September last year.

AAMRQ operates in the airline industry and has as its principal subsidiary, American Airlines, Inc. Since December 2011, American Airlines has been providing scheduled jet service to approximately 160 destinations throughout North America, the Caribbean, Latin America, Europe and Asia.

Recently AAMRQ made the headlines with disclosure that talks to merge with US Airways (LCC) are in an advanced stage.

AAMRQ has a RSI of 60.96 indicating that the stock is not yet overbought by bullish investors.

Is AAMRQ a solid investment at these levels? Get exclusive data and trends here.

Federal Home Loan Mortgage Corp (OTCBB:FMCC) started today’s trading at 2.21, a solid 0.21 cents above its previous close of 2.00. The stock has had a strong showing, trading on volume of 61,839,645, a 330.00% increase on average volume of 14,381,200. FMCC has seen a range of 2.20 and 3.03 and current market valuation has helped pushed FMCC 1,807.76% above its 52-week low of 0.1431 since August last year.

FMCC recently announced rule changes that are set to benefit retiring baby boomers. The changes would help people with limited incomes but substantial financial assets qualify for traditional low-rate mortgage products.

FMCC is trading 137.63% above its 50-day simple moving average but the stock is deep into overbought territory with a RSI of 92.13.  The technical chart is sound with a northward climb established at the start of May 2013. FMCC has a market cap of $8.73 billion and the stock has shown extremely positive trading in the last five days. The current rally began on May 20 when FMCC recorded an increase in market valuation of 7.87%. This was followed by increase of 9.49%; 11.33% and 19.76% — all leading up to the most recent increases in current market valuation.

 How Should Investors Trade FMCC Now? Get exclusive insights and updates here.

 

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About Ryan Mandell

Ryan Mandell is our senior staff writer covering the White House for Political Report, Ryan also coordinates with the main newsroom news items and contributing write-ups on cultural, social and political activities. Ryan holds an undergraduate degree in journalism, a Doctorate in international relations and a Master Degree in mass communications with an emphasis in print journalism. Ryan also covered the International Society of Social Defense congress in Spain in 2007 and taken part in the Global Forum on economic policies

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