The chart has broken trend.
The 200-day moving average effectively represents an ascending trend line and it was recently breached to the downside on high volume. There appears to be support within the $36-$38 range, but since early December the stock has suffered dual high-volume declines, the more recent breaking trend, and my preference is to take the loss and move on.
I still believe in the longer-term story for FIVE and as often happens with gap-down stocks, price could very well revert up to close the gap, getting above $42. But prudence, discipline and risk control will dictate my actions, as always.