The GEO Group Inc (NYSE: GEO)

The GEO Group, Inc. provides government-outsourced services specializing in the management of correctional, detention, and re-entry facilities, and the provision of community based services and youth services in the United States, Australia, South Africa, the United Kingdom, and Canada. It operates through four segments: U.S. Corrections & Detention, GEO Community Services, International Services, and Facility Construction & Design. The company owns, leases, and operates a range of correctional and detention facilities, including maximum, medium, and minimum security prisons; immigration detention centers; minimum security detention centers; and community based re-entry facilities.
Take a look at the 1-year chart of GEO (NYSE: GEO) below with added notations:

GEO has been trading sideways for the last 3 months, while forming a common pattern known as a rectangle. A minimum of (2) successful tests of the support and (2) successful tests of the resistance will give you the pattern. GEO’s rectangle pattern has formed a $38.50 resistance (red) and a $36 support (blue). At some point the stock will have to break one of the two levels created by the rectangle pattern.

The Tale of the Tape: GEO is trading within a rectangle pattern. The possible long positions on the stock would be either on a pullback to $36, or on a breakout above $38.50. The ideal short opportunity would be on a break below $36.
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