Can Fred's (FRED) Continue to Rise? - Tale of the Tape

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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 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.




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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.




This article appears in: Investing , Investing Ideas , Stocks

Referenced Stocks: FRED

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