On Thursday, CoreCivic got an upgrade to its Relative Strength (RS) Rating, from 75 to 84.
IBD's proprietary RS Rating identifies market leadership by showing how a stock's price movement over the last 52 weeks compares to that of other stocks on the major indexes.
History shows that the top-performing stocks typically have an 80 or higher RS Rating in the early stages of their moves.
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CoreCivic is building a consolidation with a 24.99 entry. See if it can break out in heavy trading.
The company reported negative growth for both the top and bottom lines last quarter.
The company holds the No. 27 rank among its peers in the Security/Safety industry group. Axon Enterprise, Byrna Technologies and Ituran Location & Ctrl are among the top 5 highly rated stocks within the group.
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