Great Lakes Dredge&Dock Stock Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# Great Lakes Dredge&Dock
- Double Formation
* (Continuation Argument)) | Area Of Value
* 012345 | Wave Count Survey Completed | Subdivision 1
- Triple Formation
* (Alignment & Bias On Hold | Invalid Pattern | Subdivision 2
* Numbered Retracement | Subdivision 3
* Daily Time Frame | Trend Settings Condition
Active Sessions On Relevant Range & Elemented Probabilities;
European Session(Upwards) - US-Session(Downwards) - Asian Session(Ranging)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Buy
GLDD trade ideas
Great Lakes bags dredging awards totaling $141MGreat Lakes Dredge & Dock Corporation (GLDD +2.1%) announced the receipt of several major dredging awards totaling $141M.
The awarded work includes- Jacksonville Deepening Contract B Option (Capital Deepening, Florida, $96.6M); Baltimore Harbor (Maintenance, Maryland, $38.4M) and Boston Harbor (Maintenance, Massachusetts, $5.6M).
The work is expected to begin in Sept. with completion in late 2020.
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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.