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Sunday, July 8, 2012

DryShips Inc DRYS Stock Technical Analysis July 8, 2012

The following is technical analysis DryShips Inc DRYS Technical analysis for July 9, 2011

DryShips Inc DRYS  Resistance, pivot & Support Levels - 7/9/2012

Resistance levels: $2.60, $2.54, $2.25


Pivot point: $2.44


Support levels: $2.40, $2.34, $2.30


Dryships Inc. (DRYS) stock is now trading over $2.30 last week.Dryships Inc. (DRYS) is now trading over all moving average. DryShips (DRYS) will now have resistance level at $2.60 & $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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