Discount Retail Stock Ready for Next Leg Higher

Five Below Inc (NASDAQ:FIVE) stock is down 1.2% to trade at $124.92, on the heels of disappointing retail sales data for May. The discount retail stock still sports a 22.9% nine-month lead, however, and is fresh off its June 5, 52-week high of $137.30, with a floor at $120 containing the subsequent pullback. What's more, a historically bullish signal currently flashing indicates tailwinds aren't done blowing for FIVE just yet.More specifically, Five Below stock's recent peak comes amid low implied volatilit ...