DryShips Inc DRYS Stock Technical Analysis June 18, 2012

The following is technical analysis DryShips Inc DRYS Technical analysis for June 18, 2011

DryShips Inc DRYS  Resistance, pivot & Support Levels - 6/18/2012

Resistance levels: $2.16, $2.16, $2.10

Pivot point: $2.06

Support levels: $2.04, $2.00, $1.98

Dryships Inc. (DRYS) stock is now trading near $2 last week week.Dryships Inc. (DRYS) is now trading under all moving average. DryShips (DRYS) will now have resistance level at $2.44 & $2.90. 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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