CXW

Its a good long @$17.75

 

Always a good sign. http://archive.fast-edgar.com//20160824/AVZZI22D3W22N9KZ2I2I2ZZ2A9AGZ22RZZ82/

This one is a no brainer.

 

Likely a bounce due here, but no trend reversal. Sell an overbought condition with fresh momentum

 

Check it now.... big sell off as I type.... ouch

 

More useless remarks out of DHS.

WASHINGTON, Aug 29 (Reuters) - Department of Homeland Security Secretary Jeh Johnson announced on Monday that he directed his advisory council to evaluate whether the agency should continue to contract with private prison companies.

Immigration and Customs Enforcement, a division of DHS, currently uses private prison groups like Corrections Corporation of America(CXW) to run some of its detention facilities for migrants.

The announcement follows the Justice Department's decision to phase out its contracts with private prisons on Aug. 18. (Reporting by Julia Edwards; Editing by Cynthia Osterman)

 

Exactly. Only sell on overbought condition in this downtrend.

 

F-it... I just went long a 1000 shares at $15.50

 

9% of top line revenue comes from the Federal Board of Prisons. I don't see the big deal here.

 

Bound to have bounces intraday when the price on the 5 gets that far out of the lower Bollinger Band

 

There's $16.47 and I'm outta there. Every little bit helps.