CoreCivic Inc (NYSE:CXW) has surfaced as a notable candidate through a screening process designed to combine the disciplined technical filters of Mark Minervini’s Trend Template with a high-growth momentum framework. The idea here is straightforward: find stocks that not only exhibit strong, trend-following price action but also demonstrate accelerating earnings and revenue growth. By cross-referencing these two methodologies, investors aim to identify companies that have both the technical tailwinds and fundamental catalysts to sustain outperformance.
Recent Performance
The stock’s technical report reflects a clear and consistent uptrend. The current price of $30.62 sits comfortably above all key moving averages—the 20-day ($29.03), 50-day ($24.29), 150-day ($20.83), and 200-day ($20.25)—and each of those averages is rising. This alignment is the backbone of the Minervini Trend Template, which requires the price to be above its 150-day and 200-day moving averages, and for the shorter-term averages to be above the longer-term ones. CXW meets every one of those conditions.
- Price vs. 150-day MA: $30.62 >> $20.83 ???
- Price vs. 200-day MA: $30.62 >> $20.25 ???
- 50-day MA above 150-day MA: $24.29 > $20.83 ???
- 50-day MA above 200-day MA: $24.29 > $20.25 ???
Furthermore, the stock’s 52-week range tells a story of significant strength. At current levels, CXW is trading about 95% above its 52-week low of $15.74 and roughly 6% below its 52-week high of $32.60. The Trend Template calls for stocks to be at least 30% above their low and within 25% of their high—CXW far exceeds both thresholds, placing it squarely in a leadership position.
Valuation Metrics & Growth Drivers
Where the Minervini template confirms the technical setup, the high-growth criteria aim to justify the underlying momentum. CoreCivic’s fundamentals over the past year paint a picture of accelerating business performance.
- Earnings Growth (TTM): 63.2%
- Quarterly EPS Growth (Q2Q): 65.2%
- Quarterly Sales Growth (Q2Q): 25.8%
- Revenue Growth (TTM): 19.9%
- Full Year Revenue Growth (FY): 12.7%
These figures align with the high-growth methodology’s emphasis on acceleration. Note how the top-line growth has been steadily climbing: from 9.8% in the year-ago quarter to 26% in the most recent quarter. The company has surprised on earnings estimates in three of the last four quarters, with an average beat of nearly 36%, signaling that the operational momentum is real and exceeding analyst expectations.
On the profitability front, profit margins have improved from 3.5% in the prior full year to 5.3% in the last reported period, and quarterly margins have been expanding as well. This combination of rising sales, expanding margins, and earnings beats is exactly what the high-growth methodology is designed to capture: it suggests a company that is not just growing, but growing more efficiently and with increasing market confidence.
Analyst Views
The upward trend in earnings estimates provides additional confidence. Over the last three months, the average next-year EPS estimate has been revised upward by 4.2%. While revenue estimates have seen a slight dip, the overwhelming positive revision to earnings suggests analysts expect margins to continue expanding or costs to be controlled effectively. This is a critical check within the Minervini framework, as institutional buying tends to follow upward estimate revisions.
Summary of Technical Report
ChartMill’s technical analysis awards CXW a Technical Rating of 9 out of 10, highlighting its strong short-term and long-term trends. The Relative Strength score stands at an impressive 91.7, meaning the stock has outperformed nearly 92% of all other stocks. However, the Setup Quality rating is a 3 out of 10. This indicates that while the stock’s trend is extremely healthy, the price action has been volatile recently—trading in a wide $24.56–$32.60 range over the past month—making it difficult to pinpoint a low-risk entry point.
The report notes seven distinct support levels and one resistance area near $31.03. The implication is clear: the stock is technically excellent but currently offers a less-than-ideal consolidation pattern for a breakout trade. Investors might be better off waiting for a tighter price base to form before initiating a position.
Read the full technical report for CXW
For investors who want to explore more stocks that pass both the Minervini Trend Template and high-growth momentum filters, you can access the full screening tool here. Click here to view more results from the High Growth Momentum + Trend Template screen.
Disclaimer: This article is for informational and educational purposes only and does not constitute investment advice. Past performance and technical indicators do not guarantee future results. Always perform your own due diligence before making investment decisions.
Read full article here »
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CXW Soars 95% as Minervini Trend Template Aligns with High-Growth Momentum
CoreCivic Inc (NYSE:CXW) has surfaced as a notable candidate through a screening process designed to combine the disciplined technical filters of Mark Minervini’s Trend Template with a high-growth momentum framework. The idea here is straightforward: find stocks that not only exhibit strong, trend-following price action but also demonstrate accelerating earnings and revenue growth. By cross-referencing these two methodologies, investors aim to identify companies that have both the technical tailwinds and fundamental catalysts to sustain outperformance.
Recent Performance
The stock’s technical report reflects a clear and consistent uptrend. The current price of $30.62 sits comfortably above all key moving averages—the 20-day ($29.03), 50-day ($24.29), 150-day ($20.83), and 200-day ($20.25)—and each of those averages is rising. This alignment is the backbone of the Minervini Trend Template, which requires the price to be above its 150-day and 200-day moving averages, and for the shorter-term averages to be above the longer-term ones. CXW meets every one of those conditions.
Furthermore, the stock’s 52-week range tells a story of significant strength. At current levels, CXW is trading about 95% above its 52-week low of $15.74 and roughly 6% below its 52-week high of $32.60. The Trend Template calls for stocks to be at least 30% above their low and within 25% of their high—CXW far exceeds both thresholds, placing it squarely in a leadership position.
Valuation Metrics & Growth Drivers
Where the Minervini template confirms the technical setup, the high-growth criteria aim to justify the underlying momentum. CoreCivic’s fundamentals over the past year paint a picture of accelerating business performance.
These figures align with the high-growth methodology’s emphasis on acceleration. Note how the top-line growth has been steadily climbing: from 9.8% in the year-ago quarter to 26% in the most recent quarter. The company has surprised on earnings estimates in three of the last four quarters, with an average beat of nearly 36%, signaling that the operational momentum is real and exceeding analyst expectations.
On the profitability front, profit margins have improved from 3.5% in the prior full year to 5.3% in the last reported period, and quarterly margins have been expanding as well. This combination of rising sales, expanding margins, and earnings beats is exactly what the high-growth methodology is designed to capture: it suggests a company that is not just growing, but growing more efficiently and with increasing market confidence.
Analyst Views
The upward trend in earnings estimates provides additional confidence. Over the last three months, the average next-year EPS estimate has been revised upward by 4.2%. While revenue estimates have seen a slight dip, the overwhelming positive revision to earnings suggests analysts expect margins to continue expanding or costs to be controlled effectively. This is a critical check within the Minervini framework, as institutional buying tends to follow upward estimate revisions.
Summary of Technical Report
ChartMill’s technical analysis awards CXW a Technical Rating of 9 out of 10, highlighting its strong short-term and long-term trends. The Relative Strength score stands at an impressive 91.7, meaning the stock has outperformed nearly 92% of all other stocks. However, the Setup Quality rating is a 3 out of 10. This indicates that while the stock’s trend is extremely healthy, the price action has been volatile recently—trading in a wide $24.56–$32.60 range over the past month—making it difficult to pinpoint a low-risk entry point.
The report notes seven distinct support levels and one resistance area near $31.03. The implication is clear: the stock is technically excellent but currently offers a less-than-ideal consolidation pattern for a breakout trade. Investors might be better off waiting for a tighter price base to form before initiating a position.
Read the full technical report for CXW
For investors who want to explore more stocks that pass both the Minervini Trend Template and high-growth momentum filters, you can access the full screening tool here. Click here to view more results from the High Growth Momentum + Trend Template screen.
Disclaimer: This article is for informational and educational purposes only and does not constitute investment advice. Past performance and technical indicators do not guarantee future results. Always perform your own due diligence before making investment decisions.
Read full article here »