Viacom Volatile After Mixed Q3 Report

shares are trading higher by $1.20 at $50.54 in Thursday's session. The issue tanked to $46.50 on very light volume following a Q4 EPS beat by a penny, but came up shy on sales estimates. After reaching that depressed level, it began to rebound to post a slightly higher open at $49.97. It fell back to $49.64 before resuming its rally. The ensuing rally has found intra-day resistance just ahead of its November 4 high ($51.84), only reaching $51.67 before falling back under $51.

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