Great Lakes Dredge & Dock (GLDD) Is a Great Choice for 'Trend' Investors, Here's Why

Core Viewpoint - The article emphasizes the importance of timing and sustainability in stock trends for successful short-term investing, highlighting the need for strong fundamentals to maintain momentum in stock prices [1][2]. Group 1: Stock Performance - Great Lakes Dredge & Dock (GLDD) has shown a solid price increase of 1.2% over the past 12 weeks, indicating investor willingness to pay more for potential upside [4]. - Over the last four weeks, GLDD's price has increased by 21%, confirming that the upward trend is still intact [5]. - GLDD is currently trading at 88.3% of its 52-week high-low range, suggesting it may be on the verge of a breakout [6]. Group 2: Fundamental Strength - GLDD 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]. - The stock also has an Average Broker Recommendation of 1 (Strong Buy), indicating strong optimism from the brokerage community regarding its near-term performance [7]. Group 3: Investment Strategy - The "Recent Price Strength" screen is a useful tool for investors to identify stocks like GLDD that are on an uptrend supported by strong fundamentals [3]. - There are additional stocks that meet the criteria of the "Recent Price Strength" screen, providing further investment opportunities [8].