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

By David Diaz

Geo Group Inc/Th (NYSE:GEO) shares have crossed bearishly below their 10-day moving average of $17.96 on a volume of 150K shares. This may provide swing traders with 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 $16.33 to $25.67 and is now at $17.84, 9% above that low. The 200-day and 50-day moving averages have moved 0.51% lower and 1.37% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Geo Group Inc/Th on June 24th, 2019 by issuing a Downtrend alert when the shares were trading at $21.90. Since that call, shares of Geo Group Inc/Th have fallen 16.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses geo group inc/th

Ticker(s): GEO