CXW bullish prison play

2020년 6월 1일

Reasons for bullish sentiment:
1. Lots of new prisoners as a result from the looting
2. Occuppancy of prisons would get a lot closer to 100%
3. Corona dropped the stock way too much
4. low P/E
5. Profitable company

Technical analysis:
1.Weekly bullish divergence
2. lower channel line bounce
3. high volume in reversal candles

Targets:
first target $17
second target $18.90
third $22.40
fourth 24.30