Markets
GEO

Moving Average Crossover Alert: GEO Group (GEO)

Are you a technical investor? If so, it may be time to consider The GEO Group Inc GEO for your portfolio. The company just saw its 50 Day Moving Average breakout above its 200 Day Simple moving average, a trend that could indicate some bullishness in the future for GEO.

This trend may have already begun, as shares of GEO have moved by higher by 5.7% in just the past month. Plus, GEO has earned itself a Zacks Rank #2 (Buy), so there is plenty of reason to believe that the run for GEO Group has plenty of life left.

More bullishness may especially be the case when investors consider what has been happening for GEO on the earnings estimate revision front lately. None estimate has gone lower in the past two months, compared to 1 higher, while the consensus estimate has also moved higher too.

So given this move in estimates, and the positive technical factors, investors may want to watch this breakout candidate closely for more gains in the near future.

Zacks' Top Investment Ideas for Long-Term Profit

How would you like to see our best recommendations to help you find today's most promising long-term stocks? Starting now, you can look inside our portfolios featuring stocks under $10, income stocks, value investments and more. These picks, which have double and triple-digit profit potential, are rarely available to the public. But you can see them now. Click here >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

GEO GRP INC/THE (GEO): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

GEO

Other Topics

Investing Stocks

Latest Markets Videos