When putting together your watch list, focus on stocks with an 80 or higher RS Rating. CoreCivic just met that criteria with a new score of 83.
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This proprietary rating measures market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the trailing 52 weeks matches up against other publicly traded companies.
Decades of market research reveals that the stocks that go on to make the biggest gains tend to have an RS Rating of over 80 as they launch their biggest climbs.
CoreCivic is working on a consolidation with a 24.99 buy point. See if the stock can clear the breakout price in heavy volume.
The company posted -2% earnings growth last quarter. Revenue increased -2%. The company is expected to report its latest performance numbers on or around Aug. 6.
The company earns the No. 22 rank among its peers in the Security/Safety industry group. Federal Signal, APi Group and Axon Enterprise are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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