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FXCM Inc. Sharply Higher

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June 16, 2016 2:17 pm
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FXCM Inc. Sharply Higher

FXCM Inc (NYSE: FXCM) shares are trading higher by $1,11 at $9.15 in Thursday’s session. There is no specific news to account for the rally in the foreign-currency broker-dealer.

The issue, which had fallen from its June 3 close ($10.15) to just under $8, reaching $7.91 on Wednesday is getting back half of those losses in today’s session.

After a higher open, it fell only $0.03 to $8.16 before continuing its move higher. So far, it has reached $9.44 and pulled back off that level. If the rally continues there may be additonal resistance at the pair of highs from June 8 ($9,82) and June 9 ($9.77).


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