DSW Inc. DSW shares are trading higher by $0.27 at $27.76 in Tuesday's session. Before the open, the company announced a Q4 beat of $0.07 with a revenue beat of over $30 million.
The solid beat instigated a sharply higher open, but it was only able to climb another penny to $29.53 before reversing course. That was the closest it has been to $30 since September 23, 2015, when it peaked at $30.70.
The ensuing decline has filled the void in price from Monday's session and has found some intra-day support just below Monday's close ($27.49), so far reaching $27.45. It is now trying to re-enter the $28 handle.
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