Great Lakes Dredge & Dock: The Trend Continues Lower (GLDD)
SmarTrend identified a Downtrend for Great Lakes Dredge & Dock (NASDAQ: GLDD) on February 05, 2010 at $5.43. In approximately 1 month, Great Lakes Dredge & Dock has returned 14.9% as of today's recent price of $4.62.
Great Lakes Dredge & Dock is currently below its 50-day moving average of $5.56 and below its 200-day moving average of $5.99. Look for these moving averages to decline to confirm the company's downward momentum.
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 Dredge & Dock.
Write to Chip Brian at cbrian@tradethetrend.com
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