Five Below, Inc. operates as a specialty value retailer in the United
States. The company offers various products priced at $5 and below. It
offers accessories, such as novelty socks, sunglasses, jewelry, scarves,
gloves, hair accessories and attitude’ T-shirts, as well as beauty
products, including nail polish, lip gloss, fragrance, and branded
cosmetics; and items used to complete and personalize living space
comprising glitter lamps, posters, frames, fleece blankets, pillows,
candles, incense and related items, and storage options for the
customer’s room and locker. It also provides sport balls; team sports
merchandise and fitness accessories, including hand weights, jump ropes,
and gym balls; games comprising name brand board games, puzzles, toys,
and plush items; and pool, beach and outdoor toys, games, and
accessories.
Please take a look at the 1-year chart of FIVE (Five Below, Inc.) below with my added notations:
FIVE has held a very important level of support at $35 (blue) for
over a year now. No matter what the market has done over during that
time, FIVE has not broken $35. Now, the stock is approaching $35 again
and that might provide another bounce higher. However, the stock’s
formation of a complex head and shoulders pattern could be setting the
stock up for a breakdown.
The Tale of the Tape: FIVE has a key level of
support at $35. A trader could enter a long position at $35 with a stop
placed under the level. If the stock were to break below the support, a
short position would be recommended instead.
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