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Tuesday, January 3, 2012

DryShips Inc DRYS Stock Technical Analysis -1/3/12

The following is technical analysis DryShips Inc DRYS Technical analysis for January 3, 2011

DryShips Inc DRYS  Resistance, pivot & Support Levels - 1/3/2012

Resistance levels: $2.06, $2.04, $2.02


Pivot point: $2.00


Support levels: $1.98, $1.96, $1.94


Dryships Inc. (DRYS) stock is now trading over $2.00 with market.Dryships Inc. (DRYS) is now trading above $2-$2.25 last week. DryShips (DRYS) will now have resistance level at $2.25. Drys has strong support at $1.75.I added more long side  under $2 any market correction. This is my one top pick for 2012.

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