Friday, October 19, 2007

CXW Update for 10.19.07

CORRECTIONS CORPORATION OF AMERICA - CXW

Daily chart shows more bearishness now .... as buyers were unable to take the price higher. Sellers gapped down the price at the open and took it lower towards the .382 fib support into the close. The move up is corrective in nature, so look for a close of the prior gap and lower.

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