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Downtrend Call Working As Great Lakes Dred Stock Falls 22.7% (GLDD)

By James Quinn

SmarTrend identified a Downtrend for Great Lakes Dred (NASDAQ:GLDD) on February 11th, 2020 at $10.46. In approximately 3 months, Great Lakes Dred has returned 22.66% as of today's recent price of $8.09.

Over the past year, Great Lakes Dred has traded in a range of $6.75 to $11.94 and is now at $8.09, 20% above that low. The 200-day and 50-day moving averages have moved 0.89% lower and 3.14% lower over the past week, respectively.

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.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Great Lakes Dred.

Log in and add Great Lakes Dred (GLDD) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights great lakes dred

Ticker(s): GLDD