Based on the price pattern, longer term support levels, shift in sentiment and SMA backtesting during uptrend I would expect to see FIVE at around $117 within 2-3 weeks.
Falling wedge had a height of about $15 from the formation and on these three efforts back testing, 20 session SMA cross overs resulted in an avg gain of 15% during the uptrend which would put...
NASDAQ:FIVE
My proprietary signals are showing a $113.81 and the MACD looks like it's about to turn green. I bought a few options today and will continue to add if it dips. It had 4 indicators and strong ones
Despite the surge post earnings , the major downtrend remains steadfast.
Alert for a break above for a potential long entry
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First off, please don't take anything I say seriously or as financial advice. As always, this is on opinion based basis. That being said, let me get into a few of my insights. Since March 20th, Five and Below have surged. Imagine during this time period you could have increased your money by an extra 50% in a matter of "some weeks" with just a single stock? That...
Basing under its 50 SMA
Weekly chart is a bit more interesting - Head and Shoulders with recent consolidation (7 week)
Neg Div in weekly MACD - monthly pointing down, weekly pointing down, and daily rolling over
$DLTR disappointing
$DG living under 50 SMA
IBD industry group 183 this week, 177 3 weeks ago, and 117 6 weeks ago
too good to be true, right?
I’m still waiting for $FIVE price to hit this major trend line on the bigger time frame charts. Still a favorite stock of mine but the set up just isn’t there yet.
Entry level $123.86 = Target price $130 = Stop loss $122.50
Indicators turning bullish as earnings approach, a break from the triangle will present a better long entry.
P/e ratio 44.20
Average analysts price target $143 | Overweight.
Short interest 5.23%
Company profile
Five Below, Inc. engages in the shopping business. It offers an assortment of merchandise,...
Five Below may sell some bargains but the stock itself is not, carrying a high P/E ratio of 43 , growth and earnings need to be very consistent. Reaction was mixed to today's results and the stock seen some massive swings in the afterhours, but on light volume. Lets wait and see what days to come bring and will they Analysts give it a Hit or a Miss.
COMPANY...
