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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