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Pennantpark Floating Rate Capital Surges Past 200-Day Moving Average
ByAinvest
Monday, Jul 14, 2025 11:56 am ET1min read
Pennantpark Floating Rate Capital (PFLT) shares have crossed above their 200-day moving average of $10.84, reaching a high of $10.85. The stock is currently trading up 1% on the day. PFLT's 52-week range is between $8.82 and $11.90, with a last trade of $10.82. This is a bullish signal for the stock.
Title: Pennantpark Floating Rate Capital (PFLT) Crosses Above 200-Day Moving AveragePennantpark Floating Rate Capital (PFLT) shares have crossed above their 200-day moving average of $10.84, reaching a high of $10.85. The stock is currently trading up 1% on the day. PFLT's 52-week range is between $8.82 and $11.90, with a last trade of $10.82. This is a bullish signal for the stock.
The move above the 200-day moving average indicates a potential reversal in the stock's downward trend and suggests that investors are optimistic about the company's future performance. The 52-week range provides further context, showing that while the stock has been volatile, it has the potential to rise to its previous highs.
The recent technical analysis also supports this bullish outlook. According to [1], the stock has been showing signs of a stronger trend, with several positive signals from moving averages and other technical indicators. This includes a Golden Star Signal, which is a rare occurrence that often precedes long and strong gains.
Investors should be aware of the upcoming dividend payment on July 15, 2025. The stock is expected to open approximately 0.93% lower on the ex-dividend date, which may impact its price temporarily. However, this is a small dividend (0.93%) and should not significantly affect the stock's long-term prospects.
In summary, Pennantpark Floating Rate Capital's move above its 200-day moving average is a bullish signal for the stock. The recent technical analysis and historical price data support this positive outlook. Investors should monitor the stock's performance closely and consider the upcoming dividend payment when making investment decisions.
References:
[1] https://www.dividendchannel.com/article/202507/pennantpark-floating-rate-capital-breaks-above-200-day-moving-average-bullish-for-PFLT07142025.htm/
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