BUY! FREDDIE MAC (FRE) NYSE

  Report No. 2059    Analysis by: Harry Aloof     AUGUST 12, 2004

FREDDIE MAC (FRE-NYSE): Technical Viewpoint: From a low of $61.73 on Jul 1, 2004 prices rallied, reaching a high of $67.75 on Jul 19, 2004. A decline saw prices pull back, reaching a low of $63.11 on Jul 26, 2004. Another rally saw prices penetrate resistance, closing 8/11/04 at $65.93. Technicals: RSI Index (RSI): A Buy Alert! was given on Aug 10, 2004 when the solid line crossed the dotted line to the upside. Support: Remains at $63.50. Resistance: Is at $66.87. Point & Figure: Reversed to the upside on Aug 11, 2004. A P&F upside reversal takes place at $64.50. Summary: Technical indicators have turned bullish. BUY! FREDDIE MAC (FRE-NYSE) @ $66.13 Stop: Use a protective stop of $63.63. FREDDIE MAC is currently trading @ $65.93 plus $1.15 on Aug 11, 2004. Price Objective: $82.50. Risk/Reward: $2.50 VS. $16.37. Today's Risk Reward Ratio: 6:1

Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study

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Price Objective:
$82.50 Risk/Reward:
$2.50 VS. $16.37 Risk/Reward Ratio:
6:1
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