Avon Products gaps up and spikes sharply higher after earnings beat The company reported results of 37 cents per share versus consensus of 27 cents for its Q4. The stock gapped up in response, and has since spiked substantially higher. Resistance is at $20.16, the high of the day so far, and then at $20.58. Support is at $19.50.
SEC charges Avon with FCPA violations The SEC charged global beauty products company Avon Products with violating the Foreign Corrupt Practices Act, FCPA by failing to put controls in place to detect and prevent payments and gifts to Chinese government officials from employees and consultants at a subsidiary. Reference Link