Currently trading at $18.48, Ares Capital remains range-bound between $18.12 and $18.5.
Ares Capital is currently trading at $18.48 following the release of ISM Manufacturing PMI (Mar) data from the United States.
Meanwhile, United States ISM Manufacturing PMI (Mar) came out at 46.3, while a consensus of analysts was expecting 47.5. United States ISM Manufacturing Employment (Mar) released today at 14:00 UTC with a figure of 46.9, while the previous figure was 49.1. United States ISM Manufacturing Prices (Mar) came out at 49.2.
Chart analysis suggests Ares Capital Corporation broke through the $18.43 resistance, climbing 4 cents above it.
This rally in Ares Capital's share price coincides with other financials stocks as Royal Bank Of Canada is trading at $97.17 after ending Friday's session at $95.58 (up 1.66%). HSBC Holdings is trading at $34.6 after ending Friday's session at $34.13 (up 1.38%).
Meanwhile, after closing the previous session (Friday) at $87.84, The Blackstone Group Inc. lost $3.12 and is trading around $84.72.
Also worthy of note, United States JOLTs Job Openings (Feb) will be released tomorrow at 14:00 UTC.
The financial solutions provider reached a significant high of $22.44 around 11 months ago but has lost 18.56% since then.