Shares of DryShips (DRYS +7.8%) take another turn higher to reach their highest level since early July as they continue to significantly outperform the Baltic Dry Index (26.8% YTD vs -61.8%). It's been a bit of race against time for the company with growth and pricing prospects improving, but a debt load that still looks imposing.
Dryships Inc. (DRYS) stock is trading over $2.50.The next major resistance level for Dryships is now $2.80 and support area is $2. This is my one of the Top Pick for 2012.
Dryships Inc. (DRYS) stock is trading over $2.50.The next major resistance level for Dryships is now $2.80 and support area is $2. This is my one of the Top Pick for 2012.
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