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Tale of the Tape

Zacks Equity Research

Can Fred's (FRED) Continue to Rise?
March 04, 2014


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Investors have definitely seen some solid trading in Fred's, Inc. (FRED - Analyst Report) 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 77.9. Additionally, Fred's 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.