Dr Michael Burry, famous for predicting the 2008 Housing Crisis and shorting the market, is the majority holder on the Geor Group Inc (GEO). The price broke a week ago above the 1W MA200 (orange trend-line) for the first time in more than 3 years (since June 2019) and that alone constitutes major news.
A quick application of Dr Jean-Paul Rodrigue "Phases of a...
Today you can review the technical analysis idea on a 1D linear scale chart for Geo Group Inc (GEO).
Michael Burry's investment in Geo Group Inc seems to be paying off. Price may be headed towards $11. Keeping a close eye on this one. Falling channel breakout and above the 200 SMA. Resistance around $11.
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Is GEO about to to go on a small run?
It looks like GEO may have just experienced wave one of an uptrend and is looking to continue that trend with wave 2. It briefly broke it’s this trend on July 19th but quickly hoped back on board and has been holding true since and has formed a nice level of support at $6.61. As of the 28th we appear to have broken out of the...
CEO George Zoley spent $1.123 million for 166,664 GEO shares last week!!
The PE Ratio (TTM) of The GEO Group is extremely low: 6.54 !!!
The short interest in top 5 of the day: 35.85% !!!
This is primed for a breakout!
My first target is 12usd!
First off, I view REITs in general as completely undervalued in our markets and due a solid run. Now with GEO I see them weathering the "storm" of covid-19 due to them being in a safe niche. They are heavily involved in the "for profit prisons" which I don't see going away any time soon (opposite of commercial office buildings). GEO also has a high dividend yield...
