General - I was thinking of you yesterday when we dropped to close the gap. Glad to see you "confirmed". Now, let's get back to the nice climb up we have been on lately. I like it. This stock should be - repeat, should be - close to recession proof....as so many pundits are now suggesting is in the near future. Only time will tell. Keep us posted.
tt99, the General deliberately avoided mentioning in yesterday's posting what he's gonna mention here 'cause he didn't want to cause you more anxiety.
But since you've expressed the hope that, from here on ahead, it'll be "onward and upward," he'll point out that CXW's next (still) open Gap-Up is a 12�er that dates back to 1/18/07's i-d h of $47.00 and 1/19/07's i-d l of $47.12. It was established on a volume that was 236.32% of its then 3-month ADV, so it ain't ekzakly sacrosanct.
While, were it to occur in the near future, a dip to the realm of $47.00 to close it would take CXW below its 50-day simple and exponential MAs, it would still be above its 150-EMA, 200-EMA & 200-SMA (all of which the General tracks and records), so that prospect wouldn't necessarily violate any major "technicals."
Hope that this bit of unfinished "housekeeping" doesn't rain on your parade.