The Closing Print live trading and financial blog during market hours.

Five Below (FIVE)

Five Below (FIVE) – Operates more than 1,190 targeted discount retail stores in 38 states and opened 40 new stores in 2021-22. It’s RS line moved to 94 and triggered an entry on MarketSmith’s Blue Dot Scan. The scan finds stock just before breaking out of bases, where relative strength is increasing.

The stock is off a bit this morning (-1.50) two days after the ICR Conference in Orlando, Florida. Management expects Q4 and full year fiscal 2022 results near the high

Five Below Inc. FIVE

Five Below management had good things to say about 2022 and 2023.

“We are pleased with our holiday performance, with results in the upper end of our fourth quarter sales guidance range. We believe our diverse eight worlds and WOW merchandise offering along with increased and more targeted marketing effectively highlighted the tremendous value for our customers.”

Ceco Environmental (CECO), Oneok Inc. (OKE), AstraZeneca (AZN), and Five Below (FIVE) show promise. We’ll be watching these four candidates today for follow through on the breakout that started yesterday.

European drugmaker AstraZeneca (AZN) rose 1% and broke out of a double-bottom base in heavy volume, hitting the 68.49 buy point. The stock is in the 5% buy zone, reaching to 71.91.

Air pollution control company Ceco Environmental (CECO) rallied 13.4% in huge volume and broke out of a newly formed flat base, hitting the 12.99 buy point. The stock has extended from the 5% buy zone, reaching to 13.64. Its relative strength line hit a new high, as indicated by the blue dot.

Oneok Inc (OKE) moved higher with its IBD SmartSelect Composite Rating popping to 96 on Tuesday, and still in the “buy zone”.

Specialty retailer Five Below (FIVE) gained 2% after breaking out of a flat base and hitting the 188.77 buy point. Shares are in the buy zone.

Semiconductors are hot this week.

Circuit board test systems developer Aehr Test Systems (AEHR) popped 9.4% following better-than-expected fiscal Q2 2023 EPS and sales numbers on Jan. 5. Shares broke out past a 28.10 buy point in higher-than-average volume.

Join us today in the trading room for our LIVE broadcast during market hours, as we navigate the current environment. Watch, listen, and trade from 9:20 AM to 4:15 PM Monday through Friday.

Happy Trading, 



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