Chart of the Day: A Resistance Level in Stellus Capital Investment (SCM)

Over the last four months, a resistance level has formed in the chart of Stellus Capital Investment Corp (SCM)… 

Stellus Capital Investment Corp (SCM) is a closed-end, non-diversified management investment company. Its objective is to maximize the total return to its stockholders in the form of current income and capital appreciation. The company surpassed estimates for the third quarter, but EPS were slightly down year over year.

Take a look at the 1-year chart of SCM below with added notations…

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