TJX Companies Volatile After Q4 Beat

TJX Companies Inc TJX shares are trading higher by $0.15 at $76.39 in Wednesday's session.

The Street is undecided as to how to interpret its Q4 EPS beat of $0.03 and $600 million beat for revenues. Perhaps its lowered FY Adjusted EPS guidance is tempering the rally in today's session.

After a higher open, TJX's stock cleared the pair of highs from Friday ($77.45) and Tuesday ($77.41), reaching $77.70 before reversing course. The ensuing decline breached Tuesday's low ($76.03), but found support just under its February 9 low ($75.62), reaching $75.45. At this time, the issue has been trading on both sides of its closing price from Tuesday of $76.24.