Five Below, Inc. is a specialty retailer offering a range of merchandise for teen and pre-teen customer. The Company offers an assortment of products, including select brands and licensed merchandise across a range of categories, including Style, Room, Sports, Tech, Crafts, Party, Candy and Now. Its product groups include leisure, fashion and home, and party and snack. Its Leisure includes items, such as sporting goods, games, toys, tech, books, electronic accessories, and arts and crafts. Its Fashion and home includes items, such as personal accessories, attitude t-shirts, beauty offerings, home goods and storage options. Its Party and snack includes items, such as party and seasonal goods, greeting cards, candy and other snacks, and beverages. The Company operated 522 locations across over 31 states throughout the Northeast, South and Midwest regions of the United States, as of January 29, 2017. Its typical store featured 4,000 stock-keeping units (SKUs), as of January 29, 2017.
I bought FIVE a few weeks ago. It is on the IBD-50 list. The ER was after-hours today and the price shot up to a high of $96.25. I thought about taking my bread off the table (31% gain) but my point and figure objective for the re-accumulation range is $118 and the base-count objective is $185.
38% as of Friday's close but I think this has got some more upside (see 2nd chart below). It'd be nice if it went straight up to the Point & Figure price objective of $118 before a shakeout, but I'll just have to monitor on the intraday time frames from here and wait for a change in behavior. Daily Sticks: 5-minute sticks:
