Five Below (FIVE)

by | Oct 7, 2021 | Daily Trade Alerts

On October 5, we highlighted an opportunity in oversold shares of Facebook (FB), which opened at $328.58. This morning, the stock is set to open at $337.60 – and could refill its bearish gap around $340, near-term. Longer-term, we’d like to see it back to $380.

As for new opportunities, take a look at Five Below (FIVE).

After getting clobbered on investor concerns over rising prices and supply chain issues, the stock appears to have bottomed out. From a current price of $175.75, we’d like to see the stock eventually refill its bearish gap around $210, near-term. Morgan Stanley just upgraded the stock to overweight from equal weight with a price target of $230. The analysts believe recent concerns are overblown.

Former Tech Executive: “A New Crisis is Brewing”

Jeff Brown called Bitcoin when it was just $240—giving his readers a chance at 270 times their money. He picked Tesla in 2018—before it soared over 1,400%. He called the #1 returning tech stock of 2016, 2018, 2019, and 2020.

But he’s no stranger to disaster… His firm also predicted the dot-com crash in 2000 and the housing bubble in 2008.

And now, he’s come forward to warn of a disturbing new trend… something that he calls a “Tech Shock.” An event which could derail the post COVID recovery—and send the NASDAQ and high-flying tech stocks into a tailspin.

Click to Hear His New Warning

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