Procter & Gamble Sharply Higher After Q4 Beat

Procter & Gamble

shares are trading higher by $$2.30 at $79.15 in Tuesday's session. The catalyst for the rally is a Q4 EPS beat of $0.06 despite coming up shy on revenues for the ninth consecutive quarter. After a higher open, it retreated and found support above the upper-end of Monday's range ($77.36), only reaching $77.54. The ensuing rally has filled a void in price from the trading action on January 4 when it reached $79,58, Since making the high, the issue has been fining intraday support at $79 area.