Barchart.com's Chart of the Day - Great Lakes Dredge and Dock
Related Stocks
 GLDD - Great Lakes Drg Dock
SymLastChgPct
GLDD10.13-0.08-0.78%

The Barchart Chart of the Day belongs to the heavy construction company Great Lakes Dredge and Dock (GLDD). I found the stock by sorting Barchart's Top Stocks to Own list first by the most frequent number of new highs in the last month, then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Spotter signaled a buy in 2/14 the stock gained 31.50%.

Great Lakes Dredge & Dock is the largest provider of dredging services in the US conducting business to maintain and deepen shipping channels, reclaim land from the ocean, and renourish storm damaged coastline. The company also conducts around 25% of its operations internationally with a strong focus in the Middle East. Projects can generally be recognized to fall within a number of categories, namely, Maintenance projects to keep shipping channels and harbors at their required depths, Capital works to excavate, deepen or widen navigable waterways, Beach restoration for storm damaged coastline and Reclamation works to restore wetlands or create new land in the ocean.

GLDD

Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.

Barchart technical indicators:

  • 88% technical buy signals
  • 111.22+ Weighted Alpha
  • 107.83% gain in the last year
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 13 new highs and up 13.95% in the last month
  • Relative Strength Index 70.89%
  • Technical support level at 9.49
  • Recently traded at 9.56 with a 50 day moving average of 8.47

Fundamental factors:

  • Market Cap $605 million
  • P/E 41.70
  • Revenue expected to grow 17.40% this year
  • Earnings estimated to increase 540.00% this year and an additional 6.80% next year
  • Wall Street analysts issued 1 buy and 1 hold recommendation on the stock
  • The individual investors following the stock on Motley Fool voted 144 to 11 that the stock will beat the market
  • 1,933 investors are following the stock on Seeking Alpha