ARCC Makes Notable Cross Below Critical Moving Average

In trading on Wednesday, shares of Ares Capital Corporation (ARCC) crossed below their 200 day moving average of $17.61, changing hands as low as $17.30 per share. Ares Capital Corporation shares are currently trading off about 2.6% on the day. The chart below shows the one year performance of ARCC shares, versus its 200 day moving average:

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Ares Capital Corporation 200 Day Moving Average Chart

Looking at the chart above, ARCC's low point in its 52 week range is $14.85 per share, with $18.67 as the 52 week high point — that compares with a last trade of $17.30.

According to the ETF Finder at ETF Channel, ARCC makes up 13.58% of the BDC Income ETF ( BIZD) which is trading lower by about 2.2% on the day Wednesday.

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