FXCM Continues To Rally

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FXCM Inc.
FXCM
shares are trading higher by $5 at $16.10 in Monday's session. Since it reverse split on which became effective on October 1, it has rallied from its September 3- closing price ($8.30) to its current level. It should be noted it has not been straight up. after the reverse split it dipped to $5.26 on December 11 before embarking on its rally. After the close on the 11th, the company announced a $130M buyback plan which instigated nearly a $3 rally on December 14. On the adjusted basis, the issue is now trading at its highest level since it peaked in June at $17.60.
Posted In: TechnicalsMovers & ShakersIntraday UpdateTrading IdeasGeneralPremarket outlook
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