CareFusion Is Cruising

CareFusion (CFN) is surging today following last night's earnings report. The medical instrument and supply company's shares are up more than 7% after beating fourth-quarter earnings estimates and lifting its full-year forecast. Bullish investors aggressively bid up shares on the news, sparking a powerful gap-higher open. This breakout action has carried CFN well past its July highs while upside volume jumps to its heaviest level of 2012. This very impressive move has the stock set up for a run at fresh yearly highs.

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