GREAT LAKES DREDGE & DOCK CORP - NASDAQ: $GLDD Ready To Launch?
Since last Fall (2018) the shares of Great Lakes Dredge & Dock Corp - NASDAQ:GLDD have found themselves in a steady grind into higher ground in a smart methodical manner as evidenced in the Daily chart above.
With the stock trading above all of its important moving averages 20/50/200 DMA's, GLDD continues to display excellent technical characteristics.
In addition, it also appears that GLDD may be in the process of building a launch pad from which to release to higher ground once again.
Thus, both investors/traders may want to continue to monitor the action closely in the days/weeks ahead for further clues/signs that GLDD is ready to launch. In particular, should GLDD be capable of going topside of the $11.45 level at any point moving forward, such development would likely trigger the catalyst for new all-time highs and Blue Sky's ahead.
With the stock trading above all of its important moving averages 20/50/200 DMA's, GLDD continues to display excellent technical characteristics.
In addition, it also appears that GLDD may be in the process of building a launch pad from which to release to higher ground once again.
Thus, both investors/traders may want to continue to monitor the action closely in the days/weeks ahead for further clues/signs that GLDD is ready to launch. In particular, should GLDD be capable of going topside of the $11.45 level at any point moving forward, such development would likely trigger the catalyst for new all-time highs and Blue Sky's ahead.
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