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Shares of Geo Group Inc/Th Has Fallen Below Previous 52-Week Low

By Nick Russo

Shares of Geo Group Inc/Th (NYSE:GEO) traded today at $16.88, breaking its 52-week low. Approximately 252,000 shares have changed hands today, as compared to an average 30-day volume of 1.1 million shares.

In the past 52 weeks, Geo Group Inc/Th share prices have been bracketed by a current low of $16.88 and a high of $27.36 and are now at $16.88. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.2% while the 200-day MA has slid 0.7%.

Geo Group Inc/Th (NYSE:GEO) has potential upside of 65.9% based on a current price of $16.88 and analysts' consensus price target of $28.00. Geo Group Inc/Th shares should first meet resistance at the 50-day moving average (MA) of $21.34 and find additional resistance at the 200-day MA of $21.58.

The Geo Group Inc. operates private correctional facilities located mostly in the United States, but also in Australia, Canada, New Zealand, and South Africa. The Company offers educational programs, vocational training, and rehabilitation therapy services.

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 21.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows geo group inc/th

Ticker(s): GEO