Macy's Higher In Volatile Session After Q4 Beat

Macy's Inc.

shares are trading higher by $$0.90 at $41.96 in Tuesday's session. The catalyst for the up move is Q4 beat for EPS of $0.20 with slightly better sales. It rally off the open, took the issue to its highest level ($42.42), since it peaked on November 11 at $42.81. On the day that high was made, the issue swooned from its previous day close of $47.02, when the company issued lower full-year guidance. It quick decline off the open, found support just ahead of Monday's low ($40.35), only reaching $40.52. Since making that it has rebounded back tot he $42 area.