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Thursday, September 30, 2010

DryShips, Inc. (DRYS) - $5.00 Key Level

Shares of DryShips, Inc. (DRYS) are worth watching today as the stock is nearing resistance located at $5.00. If DryShips, Inc. can break up through $5.00, I think we will see a huge volume surge and the stock make its way toward $5.50. Another level to watch will be located at $5.13 which is the 200 day moving average. This has historically given Dryships a tough time. Dryships is a buy above $5.00 with a tight stop.

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