Five Below (FIVE)

.. $Five Below(FIVE.US)$ warns for the current quarter and sacks the CEO. Readers will note that late 2023 into early 2024, FIVE suffered a double top reversal and that it has been all downhill from there. The stock has surrendered a rough 61% since that second apex back in March. Today creates a third unfilled gap on the way down. The stock now flirts with cracking the lower trendline of our Pitchfork model after having slid atop that central trendline for several months. Relative strength had been on the verge of being technically oversold. Now, there is no doubt, it is deeply oversold. The daily MACD has looked terribly bearish since late March. Nothing new there. This chart is just plain ugly as heck. My guess is that the new management tries to find a way to engineer a modified beat in late August or at least come up with something positive to say. Withour being specific, there could be opportunity present after all of the downgrades and target price cuts are out of the way. The firm has no debt and has a solid balance sheet.