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Watch for Continued Losses in Shares of Geo Group Inc/Th (GEO)

By James Quinn

Shares of Geo Group Inc/Th (NYSE:GEO) traded today at $18.17, breaking its 52-week low. Approximately 234,000 shares have changed hands today, as compared to an average 30-day volume of 1 million shares.

Geo Group Inc/Th has overhead space with shares priced $18.17, or 35.1% below the average consensus analyst price target of $28.00. The stock should find initial resistance at its 50-day moving average (MA) of $21.46 and further resistance at its 200-day MA of $21.66.

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.

In the past 52 weeks, Geo Group Inc/Th share prices have been bracketed by a current low of $18.17 and a high of $27.36 and are now at $18.17. The 200-day and 50-day moving averages have moved 0.4% lower and 0.64% 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 15.2%. 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