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Monday, March 5, 2012

DryShips Inc DRYS Stock Technical Analysis - 3/5/12

The following is technical analysis DryShips Inc DRYS Technical analysis for March 5, 2011

DryShips Inc DRYS  Resistance, pivot & Support Levels - 3/5/2012

Resistance levels: $3.69, $3.63, $3.58


Pivot point: $3.52


Support levels: $3.47, $3.41, $3.36


Dryships Inc. (DRYS) stock is now trading at $3.44-$3.62 last few week.Dryships Inc. (DRYS) is now trading above $3 last few weeks. DryShips (DRYS) will now have resistance level at $3.84 & $4.50. Drys has strong support at $1.75.I added more long side  under $2 any market correction. This is my one of the Top Pick for 2012.

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