Today American Capital (Nasdaq: ACAS) blew expectations out of the water. Going into the session, my expectations were that at best American Capital would test the 50MA before retracing. Not only did ACAS surge past the 50MA at $6.20 and reach a high of day of $7.39, but the stock closed strongly at $7.31 without giving back gains. I would offer analysis and say the stock is reaching overbought territory, but American Capital continues to leave my exit analysis in the dust. To those who have stayed with American Capital since $3 when I recommended it, I salute you.
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