no pun intended, thats a lot cake someone is eating. Not getting political at all. watching an monitoring here. I have no position and dont plan on innating one, just monitoring to see how this plays out. and break down the lies from a technical analysis stand point
2 positions are thinkable:
Shortterm view: Fix that Level: Short entry now, sl a bit above the neckline (for example a tick above the illustrated 0,5 fibo) tp 31
Midterm/longterm view: Trying to catch the breakout - stopbuy @ 35$, SL 30,8 (below the possible "3") TP1: 39$ / TP2: 43$
Geo Group recently touched a multi-year bottom of $31.00. Following that they announced the reopening of a250 bed facility in California and a dividend of .57/q. The aggregate analyst target is $41.00. I am a little more conservative.
They are one of the bigger names in the for-profit American prison game and have begun to snag market share in South Africa and a...
Breakout upside always is welcome but can trap you if you don't do a little DD before you jump. The stock was a winner and just up for the month 2.8% and can go much higher from here, but caution is needed. Volume is not bad. Join us www.woowtrading.net