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Corrections Corporation of America Breaks Below 200-Day Moving Average - Bearish for CXW

By Market News Video Staff, Monday, May 16, 4:10 PM ET
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In trading on Monday, shares of Corrections Corporation of America (NYSE:CXW) crossed below their 200 day moving average of $24.14, changing hands as low as $22.92 per share. Corrections Corporation of America shares are currently trading down about 10.3% on the day. The chart below shows the one year performance of CXW shares, versus its 200 day moving average:

Corrections Corporation of America 200 Day Moving Average Chart

Looking at the chart above, CXW's low point in its 52 week range is $18.19 per share, with $26.89 as the 52 week high point — that compares with a last trade of $23.61.

According to the ETF Finder at ETF Channel, CXW makes up 1.08% of the First Trust Industrials/Producer Durables AlphaDEX Fund ETF (AMEX:FXR) which is trading lower by about 0.5% on the day Monday.

     See what other ETFs contain CXW »
     See what other stocks are held by FXR »

CXW operates in the Business Services & Equipment sector, among companies like ICF International (NASDAQ:ICFI) which is down about 1.4% today, and SFN Group (SFN) trading lower by about 2.7%. Below is a three month price history chart comparing the stock performance of CXW, versus ICFI and SFN.

CXW,ICFI,SFN Relative Performance Chart


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This Article's Word Cloud:   According   America   Below   Business   Channel   Corporation   Corrections   ETFs   First   ICFI   Investment   Monday   Moving   Portfolio   about   allows   among   asset   average   below   chart   companies   completely   currently   designed   down   growth   hands   history   lower   moving   operates   other   performance   point   portfolio   price   range   raquo   share   shares   short   stocks   terms   trading   versus   week   what   which   with
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