Post earnings pump ARCC is looking toppy and perhaps completing a retracement from the top right here at 0.5 fib. Also has printed a shakeout reversal pattern through previous resistance. It may have a last ditch flurry up to 0.618 area and 200MA and if it does i'll short some more, but good chance also i think it rejects the 100MA. Not advice.
Bearish breakout : Entry price 19.12 Take Profit 17.01 Stop Loss 19.99
This is an authorization to publish a chart from a reddit link showing ceowatchlist's research work
Got Filled @ 19.10 ARCC's forward yield is 8.26% vs. its 4Y avg yield of 10.14%. ARCC's dividend growth over the last 3 years is 1.51%. Status: ex-dividend coming up Join the Free Dividend Telegram Room - Link is Below 👇
see notes below first-close relationship with ares-loans-percent r top-aroon crossed and stock crossed
Lost on one earlier in the day. Down .7 R I love this set up. Let's see what happens.
It seems ARCC is ready to fill ex-dividend day gap. It gives good upside opportunity combined with high dividend yield