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Federal National Mortgage Association (OTCMKTS:FNMA) Stock Passes Above 50 Day Moving Average - Here's Why

Federal National Mortgage Association logo with Finance background

Federal National Mortgage Association (OTCMKTS:FNMA - Get Free Report)'s stock price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $6.77 and traded as high as $11.44. Federal National Mortgage Association shares last traded at $10.55, with a volume of 14,942,470 shares trading hands.

Federal National Mortgage Association Stock Down 0.6%

The stock has a 50-day simple moving average of $6.99 and a 200 day simple moving average of $5.66.

About Federal National Mortgage Association

(Get Free Report)

Federal National Mortgage Association provides financing solutions for mortgages in the United States. It operates through two segments, Single-Family and Multifamily. The Single-Family segment securitizes and purchases single-family fixed-rate or adjustable-rate, first-lien mortgage loans, or mortgage-related securities backed by these loans; and loans that are insured by Federal Housing Administration, loans guaranteed by the Department of Veterans Affairs and Rural Development Housing and Community Facilities Program of the U.S.

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