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Sunday, December 11, 2011

DryShips Inc DRYS Stock Technical Analysis - 12/11/11

The following is technical analysis DryShips Inc DRYS Technical analysis for December 12, 2011

DryShips Inc DRYS  Resistance, pivot & Support Levels - 12/12/2011

Resistance levels: $2.45, $2.43, $2.40


Pivot point: $2.38


Support levels: $2.35, $2.33, $2.30


Dryships Inc. (DRYS) stock is now trading over $2. (DRYS) is now trading above $2.10-$2.59 last few week. DryShips (DRYS) will now have resistance level at $2.59. Drys has strong support at $2.00.I added more long side  under $2 any market correction. This is my one of the Top Pick for 2012.

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