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.
FRED'S INC (FRED): Free Stock Analysis Report
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