DSW Higher After Mixed Q4 Report

DSW Inc. DSW shares are trading higher by $0.84 (3 percent) at $20.67 in Tuesday's session.

Before the open, the company reported a mixed Q4 report that beat for EPS by $0.04, but came up shy on revenues by $16.9 million. The company forecasts lower FY 2017 guidance.

Despite two out of three negatives for the issue on the fundamental front, the issue is in the green. Perhaps the bad news wasn't bad enough for the issue, which has tumbled from the $25.00 area since early December.

From a technical perspective, the issue's inability to breach the low for the recent move that was made on Monday at $19.80 may have triggered to some that a short-term bottom has been reached.

On the upside, the $21.00 area may pose as resistance. On Friday, DSW's stock peaked at $20.93 and has reached $21.03 in today's, but so far has been unable to stay above $21.00.