Sunday, February 9, 2014

Trade Alert: GEO

GEO Corporation is quietly saying sell me. You can see the down trend that began at 52-week high of $32.50 and continued $37 in October. That action has caused the 200 day moving average to rollover and turn down. You don't usually like to be in stocks who's 200 day moving average pointed out.

Notice that GEO caught support at $30 in September so, I would set my stop close to there.

No comments: