Fred's, Inc. (FRED) is Overbought, What's Next? - 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 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.




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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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