The shooting happened around 4:45 p.m. Wednesday at an apartment complex in the 3800 block of Rolling Green Court.
Fernando Garibay- Benitez - a rising tenth grader at Millbrook High School - was declared dead at the scene.
On Friday, Raleigh Police detectives detained the two juveniles and said while they have probable cause to believe the pair are principal suspects in the case, a follow-up investigation remains on-going.
Police also said a minivan believed to have been involved in the fatal shooting has been located.
Anyone with information is asked to call Raleigh Crime Stoppers at (919) 834-HELP.