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Corrections Corporation of America Message Board

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  • mjgusa_yhoo mjgusa_yhoo Nov 19, 2006 8:45 PM Flag

    It is coming down.

    Am I reading this right?

    I am looking at a chart (stockcharts.com) showing CXW's yearly chart with a MACD chart below it. It looks like there has been a MASSIVE negative divergence with CXW since about mid August. A) Is this correct? B) This would be fairly bearish, would it not?

 
CXW
35.17+0.33(+0.95%)Jul 31 4:04 PMEDT