Fred’s Inc.’s (FRED) MACD indicator has moved into bearish territory with a reading of -0.1100. The Zacks #4 Rank (“Sell”) stock declined slightly to $10.01 in morning trade. The Zacks Consensus Estimate on the company’s earnings for the year ending Jan 2010 is pegged at 66 cents per share, which has reduced by 8 cents over the past 2 months.
“FRED” Free Stock Analysis: Buy? Sell? Hold?
Zacks Investment Research