A Technical Look At Five Below

shares were trading higher by $2.90 (7.8 percent) at $38 in Thursday's session. The catalyst for the rally is a Q1 beat for EPS ($0.08 vs. $0.07 estimates) and for revenue ($153.7 million vs. $151.3 million estimates). In addition, the company raised its Q2 and FY2015 outlook. In after-hours trading, it reached $38.65 and found resistance at the level shortly after Thursday's open, reaching $38.68 before reversing course. So far, it has declined to $37.20, which is well above Tuesday's high of $35.22. Since making the low, it has rebounded back into the $38 handle. Today's price action is taking place on much higher than average volume. With four hours remaining in the session, it has traded 4.2 million shares compared with its 20-day average of 1.18 million.