fivebelow in consolidation?what does anyone think of this chart? did i draw my trends correctly? does FIVE seem to be in a neutral to slightly bullish trend consolidating between $178 and $192?
0IPD trade ideas
$FIVEIf you like trading stocks that have strength, trading runners and are trend followers, retail is the ideal candidate.
$FIVE Is Discount Store "Five Below" Ready to Breakout?I've made all relevant notes on the chart. I will be interested if this can push over $205.28 (52 week and ATH) with some volume. Maybe this will get a run into earnings which are estimated to be out in early September (no date announced yet). Might be one for the watch list. Ideas, not investing / trading advice.
From earningswhispers.com:
last earnings report:
Five Below (FIVE) reported 1st Quarter April 2021 earnings of $0.88 per share on revenue of $597.8 million. The consensus earnings estimate was $0.66 per share on revenue of $551.1 million. The Earnings Whisper number was $0.77 per share. Revenue grew 197.6% on a year-over-year basis.
The company said it expects second quarter earnings of $1.01 to $1.13 per share on revenue of $640.0 million to $660.0 million. The current consensus earnings estimate is $0.70 per share on revenue of $584.26 million for the quarter ending July 31, 2021.
Five Below Inc is a specialty retailer offering merchandise for teen and pre-teen customers. Its merchandise includes everything from sporting goods, games, fashion accessories and jewelry, to hobbies and collectibles, bath and body and among others.
FIVE: Budget Retail On The MoveAlong with $ROST and $TJX budget retail has began to show some relative strength against broader retail
FIVE. Rising wedge, turned normal wedge. Outcome TBD.Trade in the direction of the move out seems to be the best answer.
This is really not as difficult as it's cracked up to be sometimes.
Once I can cure myself of the overwhelming desire to use the markets as entertainment instead of simply checking in and checking out... I think I might actually make a lot of money.
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Ok, have a good day everyone.
Five Below $FIVE going for the leadership?I've been tracking this one for about two weeks and today it looks like is going for the breakout. It may not occur today but I think it will happen soon enough. That could be my entry point, depending on the buying volume. I like this stock because is coming from a good uptrend, it held really well during the market correction, and the past 3 quarters had better than expected earnings. Also has a nice uptrend on revenue growth; just +80% from last quarter, and its price is above its moving averages (10, 20, 50 and 200 day MAs).
Adding to all that, IBD ranked #2 in its industry and has a IBD Relative Strength Rating of 83. This are all good signs. I wanted to see its relative strength with its sector; looking at the quotient FIVE/XRT, and it may be approaching the time for NASDAQ:FIVE to lead. Still, I won't get in early, lets wait for the breakout.
Yea.. 5 below alrightThis has been a little in the spot light with the amount of unusual put options that has been placed on this company.
Premiums are expensive no doubt which leads me to believe there is a good expectancy of this going down near term. How near? who knows.
33% gain this year so far and since march of last year we have a 327% which isn't too bad compared to others that are out there.
Thats all folks.
$FIVE Continuation Head and Shoulders SetupFive Below forming inverse head and shoulders pattern (trend continuation pattern) and been holding up very well. Potentially setting up a nice long trade.
Five Below Inc (FIVE)- OPERATES MORE THAN 900 TARGETED DISCOUNT RETAIL STORES IN 36 STATES AND OPENED 150 NEW STORES IN 2019-20.
FIVE on a slow uptrend and with stimulus spending = great growthWhat can I say? Stimulus = more spending on retail and FIVE is the place to go for young adults with all that extra money who like to save a buck. Price targets range from $156-$220 and while we may have a small market dip, retail will come out roaring once all the stimulus kicks in and jobs start to come back after the vaccine rollout speeds up. Not much data and financial but more of a gut feeling on this stock that's been in an uptrend for a bit.
Long to $200, MACD ReversalLooks like it's repeating what it did at $130, MACD & RSI crossing up. It's getting volume and could lead to $200 in about a month. What do you think?
FIVE Put Butterfly 135/145/155 Mean Reversion Earning tradeThe chart is bullish like all discount retailers but it's priced in after the recent run. A small retracement to 0.382 would result in a 142 level, hence the fly centered around 145. The cost is 1.9. #FIVE
Cup and Handle Earnings 12-2Chart looking bullish/earnings are DEC 2nd AMC.. Long if earnings are received well..
Some say you should sell a stock before earnings. Some like to buy a stock before earnings if they feel very good about an earnings beat. We just never know how the market will respond to earnings. Market can be very moody. FIVE beats more than it misses, but they do miss. I guess some retail stocks are getting a pass. Just hard to guess which ones those are.
NV and OBV are very high. Short interest is higher than I like it to be.
Having a plan and writing it down, and sticking to it, can help lots of us. Learn from your mistakes verses beating yourself up for making them.
FIVE can be volatile. Just an observation
FIVE LONG (Bull Pennant)FIVE has been holding the 131.5 level fairly well the past month, previous resistance which now acts as support. Multiple rejections off that level. I'm expecting a break out from this consolidation (a partially visible bull pennant).
Optimal Entry
I will most likely open a starter position on Monday if 131.5 holds. Avg. down later if it breaks 136.5 and possibly on the red support as well.
PT1 138.8
PT2 green resistance
SL Major break of red support
Contracts
11/20 130/140c bull spread (net debit should be around 4.7)
Use S&R to decide strike prices go further out to mitigate risk.
I personally think this is a bullish set up but a few of my indicators are saying otherwise so this will be listed as a risky play. If it gaps up close it immediately, it has a bad history of selling off from gap ups. Stay green
Cup and Handle Beware of unfilled gap under price/May be able to get it close to gap if you want it
Gap could possibly serve as support
Unreal but weekly and monthly candles look ok
NV is high/so is short interest..so be safe
This stock can do weird things though..lol/Volatile/If I were to buy this I would only buy it after gap up is filled or very close/could be just a candle tail that dips down
Not a recommendation
$FIVE Long Five Below Into earnings Potential entry above $117.50
Targets price $129
Potential resistance at Gap Fill @$120
FIVE - Detailed AnalysisBased on the price pattern, longer term support levels, shift in sentiment and SMA backtesting during uptrend I would expect to see FIVE at around $117 within 2-3 weeks.
Falling wedge had a height of about $15 from the formation and on these three efforts back testing, 20 session SMA cross overs resulted in an avg gain of 15% during the uptrend which would put us right around the 115-120 price level.
The only thing we need is for an bullish trendline support to be established for me to have even more confidence in the 20 session SMA crossover as the back tested population was in an uptrend as well.
If we do find a bullish support level after the breakout of the falling wedge, with the bullish cross over of the 20 session SMA in conjuction with our falling wedge PT I feel comfortable with a PT of 115-120 based on those two items within the next 2-3 weeks. SL at $98 support.
FIVE is flashing a $113.81 signal! I'm in and ready to rideNASDAQ:FIVE
My proprietary signals are showing a $113.81 and the MACD looks like it's about to turn green. I bought a few options today and will continue to add if it dips. It had 4 indicators and strong ones
$FIVE possible breakout trade setupDespite the surge post earnings , the major downtrend remains steadfast.
Alert for a break above for a potential long entry
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Can FIVE's Bull Run Continue? Next Target: $104First off, please don't take anything I say seriously or as financial advice. As always, this is on opinion based basis. That being said, let me get into a few of my insights. Since March 20th, Five and Below have surged. Imagine during this time period you could have increased your money by an extra 50% in a matter of "some weeks" with just a single stock? That is how FIVE performed after a very steep bearish downtrend. It seems like you are seeing a retracement or breakout happen as a result of panic selling and price correction in real time. The question is, can the bullish correction continue? I think so, and that is why I am setting a short sell of at least $104.
