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CXW - Corrections Corporation Of America

post #1 of 13
Thread Starter 
CCA is the nation's largest owner and operator of privatized correctional and detention facilities and one of the largest prison operators in the United States, behind only the federal government and three states. We currently operate 64 facilities, including 44 company-owned facilities, with a total design capacity of approximately 85,000 beds in 19 states and the District of Columbia. We specialize in owning, operating and managing prisons and other correctional facilities and providing inmate residential and prisoner transportation services for governmental agencies. In addition to providing the fundamental residential services relating to inmates, our facilities offer a variety of rehabilitation and educational programs, including basic education, religious services, life skills and employment training and substance abuse treatment. These services are intended to reduce recidivism and to prepare inmates for their successful re-entry into society upon their release. We also provide health care (including medical, dental and psychiatric services), food services and work and recreational programs.

post #2 of 13
Thread Starter 
looking pretty good...looks like a ladle / cup n handle...like to see 2m in volume again...

post #3 of 13
Thread Starter 
looking good...breaking thru near term resist now looking for a close over 18.00 for a a break of the long term ceiling...decent volume...
post #4 of 13
Thread Starter 
and there you have it...close at $18.12
may still have to fight a little between here and $20.00
but nice trend...
post #5 of 13
Thread Starter 
nice gap up to open...looking good after a little pullback yesterday...up over $19.00 in early action...
post #6 of 13
Interesting business, no shortage of clients.
post #7 of 13
Thread Starter 
not having all that much trouble with 20 it seems...broke it intraday...can we close above it too...
post #8 of 13
Thread Starter 
making hod 20.58
on a roll still
post #9 of 13
Quote:
Originally Posted by StockJock-e View Post
Interesting business, no shortage of clients.
Yeah, especially in a country with the highest prison population.

A lot of bad press surrounding private prisons. Lower paid guards vs state institutions, higher rates of violenence, and poor medical facilities.


But hey, this is America. You can make money from ANYTHING.
post #10 of 13
Thread Starter 

interview

CEO to be on CNBC later today....
post #11 of 13
Thread Starter 
testing recent highs...

post #12 of 13

New 52wk highs, the prison business is strong!

 

chart.ashx?t=CXW&ty=c&ta=1&p=d&s=l

post #13 of 13

CXW - May be signal buy

 

Now we are close of 30% correction from year move. If stock do not move down it can be very good long positions. But if we are broken to down this level, then correction can be more.
 

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