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

By Zacks Equity Research,

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Although Fred's, Inc. ( FRED ) 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.

FREDS INC (FRED): Free Stock Analysis Report

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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 Nasdaq, Inc.

This article appears in: Investing , Investing Ideas , Stocks
Referenced Stocks: FRED

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