Square Inc (NYSE:SQ) shares are trading higher by $0.84 (4 percent) at $24.23 in Tuesday's session.

The stock is now in break-out mode after making a new all-time high in Monday's session by 50 cents when it reached $23.73 and ended the session at a new all-time closing high at $23.39.

After higher open, Square's stock had a brief retreat but found support a dime ahead of Monday's close at $24.49 and continued its move higher. So far, the ensuing rally has taken the stock to $24.44 and it's not far off that high.