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Shares of Corecivic Inc Fall Below Previous 52-Week Low

By David Diaz

Shares of Corecivic Inc (NYSE:CXW) traded at a new 52-week low today of $8.33. Approximately 358,000 shares have changed hands today, as compared to an average 30-day volume of 1.4 million shares.

In the past 52 weeks, Corecivic Inc share prices have been bracketed by a current low of $8.33 and a high of $24.38 and are now at $9.42. The 200-day and 50-day moving averages have moved 1% lower and 2.24% lower over the past week, respectively.

Corecivic Inc (NYSE:CXW) has potential upside of 154.8% based on a current price of $9.42 and analysts' consensus price target of $24.00. The stock should run into initial resistance at its 50-day moving average (MA) of $15.67 and subsequent resistance at its 200-day MA of $17.10.

CoreCivic, Inc. provides detention and corrections services to governmental agencies. The Company designs, constructs, owns, manages, and renovates jails, prisons, government agencies, and inmate transportation companies. CoreCivic operates throughout the United States.

SmarTrend is tracking the current trend status for Corecivic Inc and will alert subscribers who have CXW in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows corecivic inc

Ticker(s): CXW