Rue21 (RUE +12.9%) maintains big gains with follow-on buying after a blowout quarter sparked...

|About: Rue21 Inc (RUE)|By:, SA News Editor

Rue21 (RUE +12.9%) maintains big gains with follow-on buying after a blowout quarter sparked some panicked short-covering after the close yesterday. The teen retailer reported better-than-expected $0.38 EPS on a 65% jump in profits, and raised FY11 guidance. Jefferies and FBR hike price targets on the shares.