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Can Fred's, Inc. (FRED) Continue to Rise?

Zacks Equity Research

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.

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

Zacks Investment Research