After American Capital (Nasdaq: ACAS) appeared to nearly fall through yet another bottom, the stock has showed a bullish face over the last couple of days. American Capital reached a high of day of $3.84 and closed the session at $3.68. The MACD has shown positive divergence over the last couple of months and the ADX has sharply turned from indicating a sharply bearish trend to indicate a bullish trend. The 4MA has crossed the 9MA, and tomorrow, the 9MA will likely cross the 18MA, providing for a bullish triple moving average crossover. Resistance looks to be near $4.00, but tomorrow will tell whether ACAS has the momentum to continue.
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