Back to top

Tale of the Tape

Zacks Equity Research


November 29, 2013

FRED

Trades from $3
Investors have definitely seen some solid trading in Fred's, Inc. (FRED) lately, leading to gains for some. However, FRED is now in overbought territory thanks to its latest move, as the firm has an RSI value of 71.9. Additionally, Fred's, Inc. currently has a Zacks Rank 4 (Sell), so if the earnings estimate trend is any guide, a fall might be coming for this overbought stock.