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

Posted: 3/4/2014 7:27:00 AM
Referenced Stocks: FRED

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.

FREDS INC (FRED): Free Stock Analysis Report

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