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
FIVE to lead. Still, I won't get in early, lets wait for the breakout.
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
FIVE to lead. Still, I won't get in early, lets wait for the breakout.
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