Back to top

Tale of the Tape

Zacks Equity Research

Can Fred's, Inc. (FRED) Continue to Rise?
December 24, 2013


Save at Trade
Although Fred's, Inc. (FRED - Analyst Report) is up over 9.5% in the past four weeks, investors may be concerned. After all, FRED is now in overbought territory, at least when looking at its RSI value of 74.1. If that wasn’t enough, investors should also note that Fred's, Inc. possessesa Zacks Rank #4 (Sell), so if analyst perception is any guide, we could witness a slump in FRED shares before too long.