FIVE trade ideas
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.
$FIVE Weekly H/S , narrowed BB, neg MACD DivergenceBasing under its 50 SMA
Weekly chart is a bit more interesting - Head and Shoulders with recent consolidation (7 week)
Neg Div in weekly MACD - monthly pointing down, weekly pointing down, and daily rolling over
$DLTR disappointing
$DG living under 50 SMA
IBD industry group 183 this week, 177 3 weeks ago, and 117 6 weeks ago
too good to be true, right?
Five Below trade setupEntry level $123.86 = Target price $130 = Stop loss $122.50
Indicators turning bullish as earnings approach, a break from the triangle will present a better long entry.
P/e ratio 44.20
Average analysts price target $143 | Overweight.
Short interest 5.23%
Company profile
Five Below, Inc. engages in the shopping business. It offers an assortment of merchandise, including sporting goods, games, fashion accessories and jewelry, to hobbies and collectibles, bath and body, candy and snacks, room decor and storage, stationery and school supplies, video game accessories, books, dvds, iPhone accessories, novelty and gag, and seasonal items. The company was founded by David Schlessinger, Zany Brainy, and Thomas G. Vellios in January 2002 and is headquartered in Philadelphia, PA.
FIVE BELOW HAS HAD A WILD RIDE AFTER HOURS Five Below may sell some bargains but the stock itself is not, carrying a high P/E ratio of 43 , growth and earnings need to be very consistent. Reaction was mixed to today's results and the stock seen some massive swings in the afterhours, but on light volume. Lets wait and see what days to come bring and will they Analysts give it a Hit or a Miss.
COMPANY PROFILE
Five Below, Inc. engages in the shopping business. It offers an assortment of merchandise, including sporting goods, games, fashion accessories and jewelry, to hobbies and collectibles, bath and body, candy and snacks, room decor and storage, stationery and school supplies, video game accessories, books, dvds, iPhone accessories, novelty and gag, and seasonal items. The company was founded by David Schlessinger, Zany Brainy, and Thomas G. Vellios in January 2002 and is headquartered in Philadelphia, PA.
Pullback Imminent: Opportunity to Short MACD, Stochastic and RSI all reversing and bouncing off the top of the bollinger band. Opportunity to short on the pullback. Price expected to drop to $132 where the 50day average is and if it breaks that support, possible drop to $120-122 region on the trendline support.
$FIVE $25million TARIFF COSTS HINDER FIVE BELOW Earnings, sales and revenue were fine but it was the mention of taffies that sent the stock into the red, its is estimated that an increase in tariffs would result in a extra $25 million cost and result in a 3-4 % drag on earnings in 2019. This is not what investors want to hear as NASDAQ:FIVE is restricted by its name when it come to passing costs onto customers. Growth continues to be rapid with new store openings at a great pace so keep this name on your list for a good reversal.
COMPANY PROFILE
Five Below, Inc. engages in the shopping business. It offers an assortment of merchandise, including sporting goods, games, fashion accessories and jewelry, to hobbies and collectibles, bath and body, candy and snacks, room decor and storage, stationery and school supplies, video game accessories, books, dvds, iPhone accessories, novelty and gag, and seasonal items. The company was founded by David Schlessinger, Zany Brainy, and Thomas G. Vellios in January 2002 and is headquartered in Philadelphia, PA.
$FIVE **possible pop and inverse H&S playing out***Five below has not missed on a earnings report ever, it has thrived in a strong economy and will probably benefit more than most in a struggling retail environment. Everyone enjoys getting a bargain. Five have like any tried to diversify supply chains away from China which has increased some costs but will result in a much stronger company. After a pop on earnings , a unfortunate analysts downgrade followed which hampered a breakout, that scenario has now reversed upgrades have followed and price is rising.