$GEO - Downside channel

21 Jun 2021

GEO - Moving in a downward channel. Bounced back from $5 support, broke the 30 week average. Last week saw very high volume. Last week the CEO bought "GEO GROUP INC ZOLEY GEORGE C Chairman & CEO 2021-06-15 Buy 166,644 pc $6.75 total $1,124,047." The analyst's price target is 12-Month Average Target 12.75. That would be just close to the upper boundary of the channel. The stock also has a very large volume in shorts - Short Float 35.28%.
Targets
TP1 - $10.2
TP2 - $12.5

This is not investment recommendation.