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Tuesday, April 03, 2012

GEO - Rounding Bottom

The GEO Group operates correctional facilities and services.  It's showing a pronounced rounding bottom pattern with increased volume.  It's now up against both the 200 EMA and 200 SMA on the daily chart, and it's right at 50% retracement level from the September high of 22.21.  So perhaps it will form another handle.    I own shares of GEO.

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