GLDD: Great Lakes Dredge & Dock Corporation
2020-07-28 16:02:10
Great Lakes Announces the Signing of a Subcontract with Bechtel for Sabine Pass LNG Third Marine Berth Dredging Work
Usually, when the MACD line breaks through the signal line the stock goes up until the lines crosses back over, coming down, therefore I have reason to believe this will continue with the momentum.
Great 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...
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...
