Granite Construction (GVA) Breakout

Discussion in 'Stocks' started by Stock Trader Lance J, Aug 1, 2017.

  1. Granite Construction had huge buying today on an earnings report that had EPS miss but revenue beat. The company has an impressive backlog of $4.1 billion and will benefit big time from an infrastructure spending bill.

    The company has been winning a lot of contracts over the last month as business continues to increase.


    Bullish pocket pivot (blue dot) signal today and the rising large players volume and positive Twiggs Money Flow looks good. Problem, the move has already happened. Instead of chasing it higher, better to watch list it and enter on a consolidation pattern IMO.
    eliteubertrader likes this.