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Bearish Moving Average Cross by Geo Group Inc/Th (GEO)

By Shiri Gupta

Geo Group Inc/Th (NYSE:GEO) shares have crossed bearishly below their 10-day moving average of $21.90 on a volume of 116K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Geo Group Inc/Th has traded in a range of $10.84 to $34.32 and is now at $21.77, 101% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.3%.

SmarTrend is monitoring the recent change of momentum in Geo Group Inc/Th. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Geo Group Inc/Th in search of a potential trend change.

Keywords: moving crosses geo group inc/th

Ticker(s): GEO