GEO trade ideas
$GEO may be at signficant bottom$GEO looks to be around a major bottom based on valuation ( PE & PS ). They have steady revenue growth and pay a high dividend
$GEO Fill that gap - Bottom is inWedge has been forming since mid April & end is near pending a major breakout or breakdown.
Gap to be filed in the range 10.40 -10.74
Gap has also been filled twice over this month wedge as well.
Strategy to play this:
Wait till price falls back into the gap range and set stop loss to $10.30
Or
Wait till bullish confirmation if stock breaks the upper wedge trend line.
GEO Group IncFirst off, I view REITs in general as completely undervalued in our markets and due a solid run. Now with GEO I see them weathering the "storm" of covid-19 due to them being in a safe niche. They are heavily involved in the "for profit prisons" which I don't see going away any time soon (opposite of commercial office buildings). GEO also has a high dividend yield of over 17% which protects any slight drawdown.
Technically speaking, the monthly candle is consolidating over a historic support/resistance zone. The zone originally acting as reistance, which led to a drawdown of -88% and a 7 year bear market. Acting as heavy support, GEO has seen surges of 175% and 221% from this zone. Add in a sub 35 RSI with volume steady increasing and the bull case gets stronger by the day.
Possible 25% for GEO GroupTrend-line points are clear and possibly will pursue previous highs met at the black resistance line.
As markets and volatility are slowing down daily swing ranges it will be slow 1 month move.
Nearing buy zone! NYSE:GEO High risk juicy stock. Could be back with potential 50% if the real estate does not break up.
Long off Kumo BreakoutDespite resistance, there's a strong amount of momentum after bouncing off a monthly support. I could see this retesting previous swing highs.
GEO GROUP (Monthly Chart)
Fundamentals:
GEO GROUP (Mkt Cap 2.003B). Earnings grew by 14.8% over the past year, currently trading well below fair value. Annual earnings growth over the past 5 years 2.7%. Over the past year earnings growth, 14.8% exceeds its 5-year average. Insider Trading: Founder of GEO recently bought 515,000 shares ($8.5m)
Technicals:
During early morning session today GEO knifed through its 200 period moving average (monthly). A break above trendline resistance (1) (18.00 handle) is where I will be looking to go long on this one. With a stop below trendline support (2).
Medium to Long Term outlook.
The GEO Group (GEO) long.All description on the chart.
Please, don't forget to like and follow.
Thank you.
GEO DPositive DivergenceRuns prisons, got oversold because libtards sold it off. Some banks stopped loaning money and stopped coverage. Doesn't really matter because they'll always someone who wants to make money by loaning to a profitable company.
Not to mention they're expanding, making money, and paying 10% dividend. Target $20.
GEO Swing Trade IdeaNYSE:GEO swing trade
Looking to enter above 18.25 targeting the 19.29 area and then reassess.
GEO and CoreCivic Stock Over 5 YearsGEO and CoreCivic stock in comparison to White House administration policies concerning use of private prisons.
GEO and CoreCivic Stock, 5 Year OutlookGEO and CoreCivic stock in comparison to White House administration policies regarding use of private prisons.
Private Prisons make money off adminstration and kidsno pun intended, thats a lot cake someone is eating. Not getting political at all. watching an monitoring here. I have no position and dont plan on innating one, just monitoring to see how this plays out. and break down the lies from a technical analysis stand point
And the next bottom?2 positions are thinkable:
Shortterm view: Fix that Level: Short entry now, sl a bit above the neckline (for example a tick above the illustrated 0,5 fibo) tp 31
Midterm/longterm view: Trying to catch the breakout - stopbuy @ 35$, SL 30,8 (below the possible "3") TP1: 39$ / TP2: 43$
Go to Prison with Geo GroupGeo Group recently touched a multi-year bottom of $31.00. Following that they announced the reopening of a250 bed facility in California and a dividend of .57/q. The aggregate analyst target is $41.00. I am a little more conservative.
They are one of the bigger names in the for-profit American prison game and have begun to snag market share in South Africa and a few other countries. Cash flow is solid and steady; debt is manageable. If you're an economic bear (not that I am) then here's a safe play - when times get rough crime rises. If you're an economic bull (not that I am) then here's a multibillion dollar company near multi-year lows, which is a rare find in the market right now.
I like a slow and somewhat volatile 20% ride to about $37.10. Pop a stop loss at $30.00. Just over $5 up to only $2.50 down.
