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FXCM) provides online foreign exchange trading and related services to retail and institutional customers worldwide. This stock is trading up 6.4% to $15.19 in recent trading.
Today's Volume: 501,000
Average Volume: 286,881
Volume % Change: 150%
>>5 Stocks Under $10 Set to Soar
From a technical perspective, FXCM is soaring higher here right above its 50-day moving average at $13.98 with above-average volume. This move has started to push shares of FXCM into new all-time high territory, since the stock has taken out its previous overhead resistance at $14.94.
Traders should now look for long-biased trades in FXCM as long as it's trending above today's low of $14.45 or above its 50-day at $13.98 and then once it sustains a move or close above its all-time high at $15.29 with volume that hits near or above 286,881 shares. If we get that move soon, then FXCM will set up to enter new all-time-high territory, which is bullish technical price action. Some possible upside targets off that move are $20 to $23.