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TMCNet:  16.7% Return Seen to Date on SmarTrend Corrections of America Call (CXW)

[November 08, 2012]

16.7% Return Seen to Date on SmarTrend Corrections of America Call (CXW)

Nov 08, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified an Uptrend for Corrections of America (NYSE:CXW) on June 27th, 2012 at $28.36. In approximately 4 months, Corrections of America has returned 16.71% as of today's recent price of $33.10.

Over the past year, Corrections of America has traded in a range of $20.14 to $35.73 and is now at $33.10, 64% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.4%.

Corrections Corporation of America provides detention and corrections services to governmental agencies. The Company owns correctional and detention facilities in the United States and the United Kingdom. Services include design, construction, ownership, renovation, and management of new or existing jails and prisons, as well as long distance inmate transportation services.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Corrections of America shares.Log in and add Corrections of America (CXW) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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