Medley Capital Corp Close to Target Price
On Friday, Medley Capital Corp (NYSE:MCC) closed at $9.41, just 4 cents short of the current target price of $9.45. This email is a notice to watch to see if MCC hits or moves above the target price on Monday, April 27.
If the share price reaches the 9.45 target, I will close the trade for 30 Day Dividends to lock in the target profit. The trade was established on April 13, so it will end up as a quick in-and-out for a 5% profit if the target is reached this upcoming week.
Recommendation: Close the open position in MCC if the share price reaches the $9.45 target.