DryShips Inc DRYS Stock Technical Analysis 2012

The following is technical analysis DryShips Inc DRYS Technical analysis for January 17, 2011

DryShips Inc DRYS  Resistance, pivot & Support Levels - 1/17/2012

Resistance levels: $2.35, $2.31, $2.25

Pivot point: $2.21

Support levels: $2.15, $2.11, $2.05

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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