On Friday, CoreCivic hit an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 90-plus percentile with an improvement to 94, up from 84 the day before.
This proprietary rating measures technical performance by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research reveals that the best stocks often have an 80 or higher RS Rating at the beginning of a new price run.
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CoreCivic has risen more than 5% past a 16.54 entry in a first-stage consolidation, meaning it's now out of a proper buy range. Look for the stock to create a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week line.
The company posted 23% EPS growth last quarter. Sales increased 2%.
The company earns the No. 4 rank among its peers in the Security/Safety industry group. Axon Enterprise is the No. 1-ranked stock within the group.
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