Fannie Mae M/A 8.25 Preferred Shares (OTCQB: FNMAS) is up sharply in mid-day trading today, extending its gains from the previous trading sessions. At last check, FNMAS was trading 1.04% higher at $1.95 on volume of 105,857, which is less than tenth of the daily average volume of 1.59 million. The stock has gained more than 8% in the last three trading sessions.
FNMAS, a provider of liquidity and stability support in the secondary mortgage market in the U.S., earlier this week reached a settlement with Bank of America Corporation (NYSE: BAC).
Find out if FNMAS could pick up more steam in the upcoming trading sessions by getting the free full report here: http://www.monstertradingalerts.com/market-scan/?symbol=FNMAS
Dendreon Corporation (NASDAQ: DNDN), a biotechnology company engaged in the discovery, development and commercialization of novel therapeutics to enhance cancer treatment options for patients, is soaring in mid-day trading today after a rating upgrade from Sanford C. Bernstein.
Sanford C. Bernstein analysts upgraded DNDN from a Market Perform to Outperform rating. The rating upgrade comes after the company this week announced its preliminary fourth-quarter 2012 revenue.
DNDN is currently trading 14.51% higher at $5.84 on volume of 17.10 million, which is substantially above the daily average volume of 4.97 million. DNDN is now approaching $6 resistance level. A strong bullish trend will be established if the stock breaks through this level.
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