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%.

tcap-chart

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Article printed from InvestorPlace Media, http://www.investorplace.com/2010/07/trade-of-the-day-triangle-capital-corporation-tcap/.

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