CCA Is at an Inflection Point
Corrections Corporation of America (CXW) is a for-profit operator of correctional facilities in this country. The stock price is up 51% over the last year, surpassing its 2007 high. This run has taken it to a channel target projection and brought the stock to a key inflection point.
The weekly chart shows the wide range, two-year channel consolidation that contained price movement in 2010 and 2011....321 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.