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Geo Group Inc/Th Crosses Above its 10-day MA (GEO)

By James Quinn

Today, shares of Geo Group Inc/Th (NYSE:GEO) have crossed bullishly above their 10-day moving average of $15.50 on a volume of 135K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Geo Group Inc/Th share prices have been bracketed by a low of $14.68 and a high of $25.10 and are now at $15.90, 8% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.8% while the 200-day MA has slid 0.3%.

SmarTrend is tracking the current trend status for Geo Group Inc/Th and will alert subscribers who have GEO in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses geo group inc/th

Ticker(s): GEO