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Trade of the Day – Triangle Capital Corporation (TCAP)

Triangle Capital Corporation (NASDAQ: TCAP ) - This private equity and venture capital firm specializing in buyouts, change of control transactions, acquisitions, growth financing and recapitalizations in lower middle market companies has risen from under $8 in March 2009 to over $16 in late April 2010.

Since its April high, TCAP retreated back to its 200-day moving average, then rose to $13.50, and has been base-building since. BB&T Capital Management has a #1 Buy on TCAP, and technically if it is able to break from a forming double top at $16.50, the stock could move much higher.

TCAP is supported by a dividend yield of 10.88%.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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