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Five Below Set to Possibly Pullback After Yesterday's Rally of 2.26%

By Amy Schwartz

Five Below (NASDAQ:FIVE) traded in a range yesterday that spanned from a low of $121.01 to a high of $125.75. Yesterday, the shares gained 2.3%, which took the trading range above the 3-day high of $122.03 on volume of 348,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Five Below has traded in a range of $56.14 to $136.13 and is now at $124.82, 122% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.9% while the 50-day MA has advanced 0.2%.

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 62.8%. 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