Street Happy With Joy Global Despite Q4 Miss

Joy Global Inc. JOY shares are trading higher by $2.45 at $15.77 in Thursday's session. The Street has found something to cheer about in its Q4 report that featured a Q4 miss of $0.11 with slight revenue beat. The company also provided mid-range guidance for Q1.

After a lower open, it found support just above the area of its last three lows ($12.58-$12.77), only reaching $12.90 before turning higher. So far, it has reached $16.18 before falling back under $16. That marks the highest level for the issue since it peaked on November 12 at $16.46.

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