Corrections Corporation of America (NYSE: CXW): traded higher by 6.73% or $1.83/share to $29.04. In the past year, the shares have traded as low as $18.41 and as high as $27.64. On average, 719689 shares of CXW exchange hands on a given day and today's volume is recorded at 1488878. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $25.56 area where the stock will likely see buying pressure.
