GEO trade ideas
$GEO: Buy The Correction?Liking the way GEO is holding on this pullback and wondering if it has more potential leg here. During summer's flight to quality stocks, GEO squeezed when investors sought REIT names in the IYR space. If deflation takes hold, I believe it could happen again. We'll see.
GEO - Daily - Trend Changing?Is this exiting the big down trend and changing direction?
Fundamentals looking good too.
Short Squeeze will be likely in the next 3 weeks.Market Cap: 939 M
Shares Outstanding: 122.5 M
Average Trading Volume (10 days): 1.9 M
Shares Short: 27.9 M
Short Interest(%): 22.8%
Days to cover: 4
Change in Short Interest: -3%
Ownership Breakdown %:
Institutions: 83.2
General Public: 13.6
Hedge Funds:
Individual insiders: 3.2
Sum: 100
Option profile:
Total OI:
Put Call Ratio:0.64
Put OI:
Call OI:
Highest Put:6
Highest Call:8
Max Pain: 7
Open Int (30-Day): 150 K
$GEO going for $8+ - The Geo Group REITIs 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 downwards trending dynamic resistance line that had started on the 19th of June after a rather large peak and selloff.
If the trend line holds true I believe we could see $GEO reaching over $8 in the coming weeks. Currently resistance at $7.01 is proving hard to break with a few runs taken at it on the 4hr chart. Keep an eye on the resistance zones as we progress through the range.
* This Content is for informational purposes only, you should not construe any such information or other material as investment, financial, or other advice.
$GEO - Screaming buy signal?Massively short interest (35%). Breakout and retest of long, technical downtrend. Former CEO recently made large insider purchase. Could the Dems be looking for increased border detention funding?
GEO LongWedge Breakout + pullback
SMA13/50 as support
WR > -80
OBV> OBV34
Entry 7.5
Stop 6
Target 15
Risk management is much more important than a good entry point.
The max Risk of each plan should be less than 1% of an account.
I am not a PRO trader. I trade option to test my trading plan with small cost.
I created some tradingview scripts to improve my trading entries:
OBV and OBV SMA comparison;
Williams %R two lines;
GEO The GEO Group strong Insider Buy and Short interestCEO 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!
$GEO - Downside channel$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.
GEO did something incredibleGEO broke out of 4-year long downtrend, multi-year falling wedge pattern on massive volume and is now in the process of backtesting that breakout which could be an amazing opportunity to buy in. Golden mean ratio of Fib retracement is at around $23 which is confluent with historical resistance level and I believe this would be the minimum target of this trade if trend really reverses here.
On fundamentals side the company seems severely undervalued looking at its profitability and P/E ratio and is VERY heavily shorted which is probably what caused this breakout in the first place.
I think we are looking at a beginning of something really huge and while it might take some time, I believe GEO is headed to $23. In hindsight the signs were clear with massive bullish divergence on both oscillators in oversold territory on previous two lows. It doesn't get much better than that and the price retraced over 35% since top of that spike bringing it to a point where one might consider opening a position.
With entry now ($7), SL below $5 and PT at $23 we are close to stunning 9:1 R/R ratio. It just doesn't get much better than that from TA perspective and keep in mind we are talking about profitable company with good mcap and volume! And if it goes back to $5 to double bottom there it will only look better for the long run so it would be an opportunity to massively add to a position or open one. I'm keeping close eye on this gem.
GEO - Two possible reversal levels for longsI noticed that one of my long orders that I placed a month ago had triggered for GEO today. If it fails this range, I'll expect it to move to the lower buy level. Just my trading plan. Not meant as financial advice.
GEO UpdateGEO ran like a it stole something. Limit sell order filled. Short term - expect volatility. Long term - could easily run to $25 if you believe in this space. I am out of the trade but might get back in on the pull back.
Neutral short term view.
GEO about to explode onto oblivionThis is a swing trade for me, I am eyeing $23 dollars for the next few weeks
Trading Idea - Geo Groupshort-term BUY
ENTRY: 5.74 USD
TARGET: 7.90 USD (+40% profit)
STOP: 5.16 USD
optimistic and absolutely realistic trade! low risk, high profit trade!
The GEO Group Inc 🧙The GEO Group Inc. is a real estate investment trust specializing in detention facilities and community-reentry centers. The company leases and oversees secure detention centers, rehabilitation and reentry facilities, and service centers for troubled youth. The GEO Group also provides counseling, education, drug abuse treatment, technology-based supervision programs, and detainee transportation. The majority of revenue comes from leasing and managing U.S. corrections and detention facilities. The GEO Group also operates in Australia, South Africa, and the United Kingdom.
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GEO is a great valueIm keeping my eye on this stock.
Market cap is good! and PE ratio is on point.
They spend $115 million in dividends making this extremely attractive.
good revenue growth and profit growth.
Current assets > Current liabilities = amazing
Extremely good value and a very attractive price.
GEO Group - WoofIf this indeed is the bottom and if it breaks out of this MAGA wedge - lights out. Prisons and rehab for everyone!
Juicy dividend on top of price appreciation opportunity.
Long term play.
GEO possible breakout from a downtrend, price target 12$GEO been in a down trend for quite some time now so a possible breakout is possible in the upcoming weeks. It will probably dip towards 7$ to retest the support line and then continue on the run towards 12$ - 15$.
GEOPaper for loading into a dividend portfolio for a period of 5 years or more. According to the technical analysis, I came to the loading level of $ 8, worked out the previous 5-wave cycle with the formation of the Wedge pattern, and completely worked out this pattern along the ABS waves. Has a current dividend yield of 12.38%, and this is after the company recently cut the dividend percentage, which means that the worst is over. According to fundamental multiples, the company appears to be undervalued with a fair price of $ 22, which is in good agreement with the targets of the technical analysis, which are indicated here - 9.87, 17.78 and 21.46. These targets are expected to be achieved by mid-2026. Loading technique - you can load all the way until the second goal is reached, from there, upon reaching the third target, the start of a correction and the beginning of a new cycle is expected. An additional factor for entering this position is the fact that the growth of all small caps companies began, with a simultaneous correction of the tech sector and all other overbought sectors, there is a flow of capital into undervalued securities such as AAL, CCL, UA, M, IVZ, AHT and others.
