Fannie Mae (FNMA) & Blockbuster, Inc. (BLOKA) Small Cap Focus Stocks of The Week

by on Jul 31st, 2010 in PRC Banking and Finance, Business News.

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TheStockWizards.net  Top  penny stocks includes: FNMA, BLOKA

Boca Raton, FL- July 31st , 2010 TheStockWizards.net a Top Penny Stock Newsletter presents stocks that have impact news and positive technical charting indicators on the OTC BB: and Pink Sheet markets. In addition to our newsletter, TheStockWizards.net is quickly becoming the fastest growing network destination for Penny & Micro-Cap stocks. With our over 30 years combined experience; our team of research analyst pride themselves on small cap companies that are diamonds in the ruff.

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FNMA (OTCBB) Sector: Federal and Federally Sponsored Credit

FNMA — Fannie Mae

FNMA has established a nice short-term uptrend. A weekly breakout above the .41 cent level could send the stock higher to test the 50-day moving average. Weekly support is .32, weekly resistances .41. FNMA has lots of liquidity and has become a great stock to trade. We could see a nice run at anytime.

BLOKA (OTC) Sector:  Video Rentals

BLOKA — Blockbuster, Inc.

Is Blockbuster ready to make another surge higher?  The stock has traded above the 20-day moving average for the last five trading days, and now it could be ready to breakout and make new short-term highs.

TSW will be watching the .21 cent resistance area but more importantly will be looking for Blockbuster to challenge the 50-day moving average at .24 cents this coming week. The breakout above the 50-day moving average can produce some big momentum runs. TSW will be monitoring this event very closely.

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