American Capital (Nasdaq: ACAS) looks to be carving out a bottom near $3.00 after falling 92% from the stock's 52-week high in February of $37.85. ADX indicates the strong downtrend is weakening. MACD indicates positive divergence. Traders should note ACAS has travelled through previous support and projected bottoms over the past year and should place stops to limit losses should this area be another false bottom.
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