Long Position on FIVE @ $34.35 on 1/14/2016 (Momentum)

Five Below, Inc. (FIVE) operates as a specialty value retailer in the United States.

It offers accessories, including novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and t-shirts, as well as beauty products comprising nail polish, lip gloss, fragrance, and branded cosmetics; and items used to complete and personalize living space, including glitter lamps, posters, frames, fleece blankets, pillows, candles, incense and related items, and storage options for the customer’s room and locker.

The company also provides sport balls; team sports merchandise and fitness accessories, such as hand weights, jump ropes, and gym balls; games, including name brand board games, puzzles, toys, and plush items; and pool, beach and outdoor toys, games, and accessories.

In addition, it offers accessories for PCs, cell phones, and tablet computers; cases, chargers, headphones, and other related items; books, video games, and DVDs; craft activity kits; arts and crafts supplies that consist of crayons, markers, and stickers; and trend-right items for school comprising backpacks, fashion notebooks and journals, novelty pens and pencils, and everyday name brand items.

Further, the company provides party goods, decorations, and greeting cards, as well as every day and special occasion merchandise products; assortment of classic and novelty candy bars, movie-size box candy, and gum and snack food; chilled drinks through coolers; and seasonally-specific items used to celebrate and decorate for events, such as Christmas, Easter, Halloween, and St. Patrick’s Day. 

Shares have formed a bullish "cup and handle" and higher share prices are expected for this stock.

52-Weeks Trading Range: $26.95 - $41.47

Entry Point: $34.35

Stop Loss: $32.60

Target Price: $37.80

Updates

2/22/2016 12:46:09 PM

FIVE closed at $38.00.

Position closed on 2/22/2016 at price of $38.00 with a 10.63% gain in 39 days.

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