• Return to Headlines

Look for Shares of Corecivic Inc to Potentially Pullback after Yesterday's 1.01% Rise

By Shiri Gupta

Corecivic Inc (NYSE:CXW) traded in a range yesterday that spanned from a low of $23.63 to a high of $24.09. Yesterday, the shares gained 1.0%, which took the trading range above the 3-day high of $23.75 on volume of 245,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Corecivic Inc share prices have been bracketed by a low of $17.16 and a high of $26.09 and are now at $23.91, 39% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.1%.

SmarTrend recommended that subscribers consider buying shares of Corecivic Inc on April 11th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $20.33. Since that recommendation, shares of Corecivic Inc have risen 16.7%. We continue to monitor CXW for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders corecivic inc

Ticker(s): CXW