BP, FXCM, Gain Capital Stocks Moving Today

BP plc (ADR) (NYSE:BP), as well as forex concerns FXCM Inc (NASDAQ:FXCM) and Gain Capital Holdings Inc (NYSE:GCAP), are making sharp moves on the charts today

by Josh Selway

Published on Feb 7, 2017 at 2:09 PM
Updated on Jun 24, 2020 at 10:16 AM

U.S. stocks are trading near all-time highs today. Among specific equities in focus are oil-and-gas stock BP plc (ADR) (NYSE:BP), as well as forex concerns FXCM Inc (NASDAQ:FXCM) and Gain Capital Holdings Inc (NYSE:GCAP). Here's a quick look at what's moving shares of BP, FXCM, and GCAP.

BP Gaps Lower On Disappointing Earnings 

BP has fallen 4.5% today to trade at $34.22, putting the shares on pace to settle below their 200-day moving average for the first time since June. The company overnight released lower-than-anticipated fourth-quarter earnings, while suggesting the oil production agreement among major exporters could affect 2017 results. Separately, today's losses are hanging bullish options traders out to dry. During the past 10 weeks at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), BP plc has racked up a call/put volume ratio of 3.90, which ranks in the 92nd percentile of its annual range. 

FXCM Banned From U.S., Shares Tank 

FXCM is at the bottom of the Nasdaq today, losing more than half its value to trade at $3.13, after the Commodities Futures Trading Commission (CFTC) banned the company from operating in the U.S. for defrauding clients. Not surprisingly, the stock earlier touched a record low of $3.10 and is on the short-sale restricted list. But existing short sellers are surely hoping for extended losses. These bearish traders control nearly four weeks' worth of buying power on FXCM Inc, based on its average daily volumes. 

Gain Capital in Talks to Acquire FXCM's Clients

Meanwhile, GCAP has jumped 5.4% to $8.06, earlier touching an annual high of $8.59, amid reports the company will acquire FXCM's U.S. customers. The shares had been in rally mode even before today, though, shooting up the charts since bottoming at $4.54 in early November. In fact, Gain Capital Holdings Inc was technically overbought coming into today, with a 14-day Relative Strength Index (RSI) of 70 -- a reading that's swollen to nearly 80 this afternoon.

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