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SmarTrend Watching for Potential Rebound in Shares of Five Below After 3.63% Loss

By James Quinn

Five Below (NASDAQ:FIVE) traded in a range yesterday that spanned from a low of $115.33 to a high of $119.09. Yesterday, the shares fell 3.6%, which took the trading range below the 3-day low of $121.30 on volume of 378,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Five Below have traded between a low of $86.57 and a high of $148.22 and are now at $116.31, which is 34% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.3%.

SmarTrend is tracking the current trend status for Five Below and will alert subscribers who have FIVE in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders five below

Ticker(s): FIVE