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Monday, December 6, 2010

DryShips Inc. (DRYS) Stock Testing Resistance

By Tim - http://stockstobuy.org

Shares of DryShips Inc. (DRYS) continue to break out and are testing $6.40 resistance today. Dryships Inc. stock has been hot over the past three weeks after the company reported that there was an increased demand for Ultra Deep Water Drillships.

Dryships Inc will have resistance located at $6.95 after $6.40 which is the current 52 week high. Dryships is a strong buy on pullbacks below $5.20 now.

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