|Back to main|
Fred's, Inc. (FRED) is Overbought, What's Next? - Tale of the Tape
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.
FREDS INC (FRED): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research