Dryships DRYS Stock Analysis June 24 2009

Dryships DRYS Stock Chart - The following is technical analysis on DryShips Inc ( DRYS ) for June 24, 2009

Drys Support and Resistance Levels - 6/24/09

Resistance - $6.44, $7.05

Support - $5.40, $5.00, $4.48

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Drys stock has broken down technically with the 10 day moving average crossing the 50 day moving average. Drys is now trading at the stock offering price several months ago at $5.40. This as well as $5 should act as support but needs to hold $5 on a closing basis. I am waiting for Drys to close back over the 10 day moving average to buy. For More Technical Analysis - Go Here

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