Zale Corporation (ZLC) Finds Its Groove

Did Zale Corporation (ZLC) do the unthinkable and actually post some solid numbers during the fourth quarter... and during December, to be specific? It was supposed to be a rough quarter for the jeweler, but the chart says - aligned with the unofficial buzz - that Zale Corp. did better than expected.

The confirming 'evidence' comes in the form of today's high-volume rally and move above what had been resistance around $2.94.

Or, maybe it's just a case that the worst-case scenario has been priced in, and ZLC can only go up from here. Either way, the stock's going higher with plenty of momentum of plenty of room to run.