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Five Below Does About Face After Q4 Report

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Five Below Inc (NASDAQ: FIVE) shares are trading higher by $3 at $41.89 in Wednesday's session. After a Q4 EPS beat of a penny with a slight beat for revenues, initially the Street was spooked modestly lower guidance for FY 2016.

After a lower open, it immediately bottomed at $37.50 and began to rocket higher. The ensuing rally has taken the issue to $41.99 and at this time has not backed out very far.

This marks the highest level for the issue since it peaked on January 8, 2015, at $43.75.

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