I noticed that one of my long orders that I placed a month ago had triggered for GEO today. If it fails this range, I'll expect it to move to the lower buy level. Just my trading plan. Not meant as financial advice.
GEO ran like a it stole something. Limit sell order filled. Short term - expect volatility. Long term - could easily run to $25 if you believe in this space. I am out of the trade but might get back in on the pull back.
Neutral short term view.
The GEO Group Inc. is a real estate investment trust specializing in detention facilities and community-reentry centers. The company leases and oversees secure detention centers, rehabilitation and reentry facilities, and service centers for troubled youth. The GEO Group also provides counseling, education, drug abuse treatment, technology-based supervision...
Im keeping my eye on this stock.
Market cap is good! and PE ratio is on point.
They spend $115 million in dividends making this extremely attractive.
good revenue growth and profit growth.
Current assets > Current liabilities = amazing
Extremely good value and a very attractive price.
If this indeed is the bottom and if it breaks out of this MAGA wedge - lights out. Prisons and rehab for everyone!
Juicy dividend on top of price appreciation opportunity.
Long term play.
GEO been in a down trend for quite some time now so a possible breakout is possible in the upcoming weeks. It will probably dip towards 7$ to retest the support line and then continue on the run towards 12$ - 15$.
Paper for loading into a dividend portfolio for a period of 5 years or more. According to the technical analysis, I came to the loading level of $ 8, worked out the previous 5-wave cycle with the formation of the Wedge pattern, and completely worked out this pattern along the ABS waves. Has a current dividend yield of 12.38%, and this is after the company recently...
The GEO Group Inc. is a real estate investment trust specializing in detention facilities and community-reentry centers. The company leases and oversees secure detention centers, rehabilitation and reentry facilities, and service centers for troubled youth. The GEO Group also provides counseling, education, drug abuse treatment, technology-based supervision...
GEO recently dropped around 25% , in my opinion mostly due to Biden statements about removing private prisons from government contracts during his term. I don't believe this will actually happen , especially taking into account the current divided government in the US (harder for Biden to pass bills).
What stands out to me with GEO is that it only recently...
Poor $GEO . It's getting hammered into the earning .
This is what happen to a stock when it break $10 mark with a bearish pattern " Descending triangle "
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