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Five Below Bearish Moving Average Crossover Alert (FIVE)

By Shiri Gupta

Five Below (NASDAQ:FIVE) crossed under its 10-day moving average of $98.53 on a volume of 316K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Five Below share prices have been bracketed by a low of $44.30 and a high of $103.99 and are now at $97.82, 121% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 1.2% while the 50-day MA has advanced 2.3%.

SmarTrend recommended that subscribers consider buying shares of Five Below on May 16th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $74.66. Since that recommendation, shares of Five Below have risen 32.7%. We continue to monitor FIVE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses five below

Ticker(s): FIVE