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Ares Capital Has Returned 20.2% Since SmarTrend Recommendation (ARCC)

By Shiri Gupta

SmarTrend identified an Uptrend for Ares Capital (NASDAQ:ARCC) on March 29th, 2016 at $14.47. In approximately 13 months, Ares Capital has returned 20.25% as of today's recent price of $17.40.

Ares Capital share prices have moved between a 52-week high of $17.87 and a 52-week low of $11.01 and are now trading 58% above that low price at $17.40 per share. The 200-day and 50-day moving averages have moved 0.17% lower and 1.28% higher over the past week, respectively.

Ares Capital Corporation is a closed-end management investment company. The Company seeks to generate both income and capital appreciation through debt and equity investments by primarily investing in U.S. middle market companies.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Ares Capital shares.

Log in and add Ares Capital (ARCC) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights ares capital

Ticker(s): ARCC