Bearish MACD for FRED – Tale of the Tape (FRED)

Fred’s, Inc.’s (FRED) MACD indicator has moved into bearish territory with a reading of -0.0713. The Zacks #4 Rank (“Sell”) stock decreased more than 1% to $13.59 in morning trade. The Zacks Consensus Estimate on the company’s earnings for the year ending January 2012 has decreased by a cent over the past month to 86 cents per share.