Marten Transports Ltd. and Great Lakes Dredge & Dock Co. – Charting Zacks Elite Stocks
Source: http://www.zacks.com/commentary/11127/Marten+Transports+Ltd.+and+Great+Lakes+Dredge+%26+Dock+Co.+-+Charting+Zacks+Elite+StocksPosted on Monday, June 8th, 2009 | In Market Commentary, Stocks to Watch
Marten Transports Ltd. (MRTN) has gotten a lift from an optimistic market anticipating increased economic activity driving demand for transports. Marten specializes in temperature controlled shipping. The company’s share price has rallied from just short of $15 in early March to a recent high above the short and long-term resistance level above $22. Investors will learn if the sense of optimism translates into higher earnings on July 21 when Marten reports its second-quarter results ahead of the bell. Take a look at the nice rally below.
Great Lakes Dredge & Dock Co. (GLDD) has been around for over 100 years, but in the last 2 months the company’s share price has been acting like its still in high school. This stock took off in early March with the market, climbing from less than $1.50 to a recent high just shy of $6. The 52-week high is still a few climbs away near the $8 mark, but for the time being, the rebound is producing solid gains. Take a look.
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 About Michael Vodicka (http://www.zacks.com/)
Michael is an Editor at Zacks Investment Research who covers the Momentum and Aggressive Stocks for the Zacks Rank Buys. |
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