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Allied Capital Corp.(NYSE: ALD) shares jumped 32% to $3.61 after rival Ares Capital Corp. (NASDAQ: ARCC) said it would acquire the debt-riddled small-business lender in a $648 million deal. Shares of Ares Capital (ARCC) also rose more than 12% in the process following the Ares Capital (ARCC) move to make an acquisition.
Allied Capital Corp. (ALD) stock chart suggests that candlesticks and moving average lines have been moving in a symmetrical range for some months now, and is no mood to soar in future.