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American Capital Crosses Above its 10-day MA (ACAS)

By Shiri Gupta

Today, shares of American Capital (NASDAQ:ACAS) have advanced above their 10-day MA of $15.78 on a volume of 3.8 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, American Capital share prices have been bracketed by a low of $11.92 and a high of $16.12 and are now at $15.88, 33% above that low price. The 200-day and 50-day moving averages have moved 0.32% higher and 1.39% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of American Capital on March 3rd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $14.01. Since that recommendation, shares of American Capital have risen 11.5%. We continue to monitor ACAS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses american capital

Ticker(s): ACAS