Macy's Stock Pops After Beat-and-Raise

Retail concern Macy's Inc (NYSE:M) stepped into the earnings confessional this morning, where it reported better-then-expected first-quarter earnings and raised its full-year guidance. The department store chain said its turnaround plan was the key catalyst for its beat-and-raise.In response, M was last seen up 3.8% at $19.79. The equity is bouncing back above its contentious 60-day moving average, but the$20 mark continues to keep a lid on potential breakouts. Today's gains are also helping Macy's stock c ...