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Sunday, March 18, 2012

DryShips Inc DRYS Stock Technical Analysis - 3/18/12

The following is technical analysis DryShips Inc DRYS Technical analysis for March 19, 2011

DryShips Inc DRYS  Resistance, pivot & Support Levels - 3/19/2012

Resistance levels: $3.87, $3.76, $3.70


Pivot point: $3.59


Support levels: $3.53, $3.42, $3.36


Dryships Inc. (DRYS) stock is now trading at $3.65-$3.65 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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