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After Yesterday's Rally of 1.97% Shares Could Potentially Pullback

By Shiri Gupta

Five Below (NASDAQ:FIVE) traded in a range yesterday that spanned from a low of $105.11 to a high of $108.65. Yesterday, the shares gained 2.0%, which took the trading range above the 3-day high of $107.48 on volume of 279,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Five Below share prices have moved between a 52-week high of $109.09 and a 52-week low of $46.00 and are now trading 135% above that low price at $108.01 per share. Over the past week, the 200-day moving average (MA) has gone up 1.3% 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 42.0%. We continue to monitor FIVE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders five below

Ticker(s): FIVE