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Great Lakes Dred: 52-Week High Recently Eclipsed (GLDD)

By Nick Russo

Great Lakes Dred (NASDAQ:GLDD) traded today at a new 52-week high of $11.04. So far today approximately 121,000 shares have been exchanged, as compared to an average 30-day volume of 557,000 shares.

Great Lakes Dredge & Dock Corporation offers marine services. The Company deepens and maintains waterways, shipping channels, ports; creates and maintains beaches; excavates harbors, build docks, terminals, piers; restores aquatic and wetland habitats; excavates pipeline, cable, and tunnel trenches.

Great Lakes Dred share prices have moved between a 52-week high of $11.04 and a 52-week low of $4.40 and are now trading 151% above that low price at $11.04 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.5% while the 200-day MA has risen 1.4%.

Great Lakes Dred (NASDAQ:GLDD) defies analysts with a current price ($11.04) 32.1% above its average consensus price target of $7.50. Great Lakes Dred shares have support at the 50-day moving average (MA) of $9.06 and additional support at the 200-day MA of $7.02.

SmarTrend recommended that subscribers consider buying shares of Great Lakes Dred on January 8th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $7.17. Since that recommendation, shares of Great Lakes Dred have risen 52.7%. We continue to monitor GLDD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows great lakes dred

Ticker(s): GLDD