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Sunday, August 7, 2011

DryShips Inc DRYS Stock Technical Analysis 8/7/11

The following is technical analysis DryShips Inc DRYS Technical analysis for August 8, 2011

DryShips Inc DRYS  Resistance, pivot & Support Levels - 08/08/2011

Resistance levels: $3.57, $3.37, $3.13


Pivot point: $2.93


Support levels: $2.69, $2.49, $2.25


Dryships Inc. (DRYS) stock is now trading under $3.00 with market.The next major resistance level for Dryships is now $4.50 and support area is $2.70 which is long term support.I added more long side now. This is my one top pick for 2011.

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