Here's Why Momentum in Great Lakes Dredge & Dock (GLDD) Should Keep going

Core Viewpoint - The article emphasizes the importance of confirming the sustainability of stock trends for successful short-term investing, highlighting the use of a specific screening strategy to identify stocks with strong fundamentals and positive price momentum [1][2]. Group 1: Stock Screening Strategy - The "Recent Price Strength" screen is designed to identify stocks with sufficient fundamental strength to maintain their recent uptrend, focusing on those trading in the upper portion of their 52-week high-low range, indicating bullishness [3]. - Great Lakes Dredge & Dock (GLDD) is highlighted as a strong candidate for trend investing, having increased by 35.8% over the past 12 weeks, reflecting investor confidence [4]. - GLDD has also shown a price increase of 2.9% over the last four weeks, indicating that the upward trend is still intact [5]. Group 2: Fundamental Strength Indicators - GLDD is currently trading at 84.6% of its 52-week high-low range, suggesting it may be on the verge of a breakout [6]. - The stock holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, which are critical for near-term price movements [6][7]. - The Average Broker Recommendation for GLDD is also 1 (Strong Buy), indicating strong optimism from the brokerage community regarding its near-term price performance [7]. Group 3: Additional Insights - The article suggests that the price trend for GLDD is unlikely to reverse soon, and encourages consideration of other stocks that meet the criteria of the "Recent Price Strength" screen [8]. - It also mentions the availability of over 45 Zacks Premium Screens tailored to different investing styles, which can assist in identifying potential winning stocks [8].