Sunday, October 7, 2012

DryShips Inc DRYS Stock Technical Analysis October 2012

The following is technical analysis DryShips Inc DRYS Technical analysis for October 8, 2011

DryShips Inc DRYS  Resistance, pivot & Support Levels - 10/8/2012

Resistance levels: $2.35, $2.33, $2.31


Pivot point: $2.29


Support levels: $2.27, $2.25, $2.23



Dryships Inc. (DRYS) stock is now trading near $2.29 last week.Dryships Inc. (DRYS) is now trading near all moving average. DryShips (DRYS) will now have resistance level at $2.75 & $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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