Triangle Capital Corporation (NASDAQ: TCAP) — This private equity and venture capital firm specializes in buyouts, change of control transactions, acquisitions, growth financing, and recapitalizations in lower to middle market companies.
The stock has risen from under $8 in March 2009, to over $16 in late April 2010.
On July 26, at $15, I said, “Since its April high, TCAP retreated to its 200-day moving average, then rose to $13.50, and has been base-building ever since. BB&T Capital Management has a ‘No. 1 Buy’ on TCAP. Technically, if it is able to break from a forming double-top at $16.50, the stock could move much higher.
The breakout has occurred, and the target for TCAP is $18.
TCAP is supported by a dividend yield of 10.2%.
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