Dollar General Corp. DG shares are trading higher by $1.55 at $74.36 in Thursday's session.
The catalyst for the rally is a Q4 EPS beat of $0.08 along with a slight beat for sales. The company reported comps were up 1 percent. Initially, the Street wasn't pleased with its much lower guidance in the $4.25-$4.50 range vs. $4.68 estimates.
In volatile trading, Dollar General's stock opened sharply lower but immediately bottomed at $71.60 before embarking on nearly a $4.00 rally. That low came in just below Tuesday's low of $71.75 and just above Monday's low of $71.52. The issue had a pair of lows March 7 ($71.30) and March 8 ($71.44) to provide support off the open.
The current high of $75.33 coincides with a pair of highs from February 24 ($75.42) and February 25 ($75.39).
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