Kinda new to trading, but it looks to me like we got a new trend starting with CXW using resistance line from May-June as support now:) and do I see an ascending triple top? looks good to me!
It has hit a new 52-week high, today, on heavy volume. That is the kind of activity that could entice the momentum players. Or it may be CAUSED by them.
One thing is for sure. If the economy goes in the dumper, the prison business will do just fine. In a period of uncertainty, CXW may be a good hedge.