CORRECTIONS CORP OF AMER (CXW-NYSE): Technical Viewpoint: From a low of $43.21 on May 2, 2006 prices rallied, reaching a high of $51.36 on May 5, 2006. A decline saw prices pull back, reaching a low of $47.80 on May 17, 2006. Another rally saw prices penetrate resistance, closing 5/19/06 at $50.45. Technicals: MACD Index (MACD): A Buy Alert! was given on May 3, 2006 when the solid line crossed the dotted line to the upside. Support: Remains at $47.80. Resistance: Is at $51.36. Point & Figure: Reversed to the upside on May 18, 2006. A P&F upside reversal takes place at $48.00. Summary: Technical indicators have turned bullish. BUY! CORRECTIONS CORP OF AMER (CXW-NYSE) @ $50.75 Stop: Use a protective stop of $48.25. CORRECTIONS CORP OF AMER is currently trading @ $50.45 plus $1.04 on May 19, 2006. Price Objective: $60.00. Risk/Reward: $2.50 VS. $9.25. Today's Risk Reward Ratio: 4:1