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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Dryships DRYS Stock Analysis - Trading Outlook

The following is technical analysis on DryShips, Inc. (DRYS) for November 30, 2009

DryShips, Inc. (DRYS) Support and Resistance Levels - 11/30/09

Resistance Levels - $6.40, $6.64, $7, $7.30

Support Levels - $6, $5.66, $5.50, $5.00

Chart - http://stockscharts.com/

Discuss Stocks - http://stockstobuy.org

DryShips, Inc. (DRYS) continues to hold the 200 day moving average on the latest pullback. Intraday support is located at $6 while resistance is $6.40 as well as $6.64. DRYS has basically traded flat since April 2009. Each spike has made a lower high recently with the latest one being $7.30. Use these highs as resistance levels to watch. As soon as one is broken, the chance of a sustainable break out is much greater. I own DRYS for my long term portfolio and I don't plan on adding anymore until the stock closes over $8. I will buy more in my trading portfolio when DRYS breaks $7.30. For More Technical Analysis - Go Here

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Dryships DRYS Stock Analysis November 2009

The following is technical analysis on DryShips, Inc. (DRYS) for November 2, 2009

DryShips, Inc. (DRYS) Support and Resistance Levels - 11/2/09

Resistance Levels - $6.60, $7.50, $7.99, $8.67

Support Levels - $5.95, $5.57, $5

Chart - http://stockscharts.com/

Discuss Stocks - http://stockstobuy.org

DryShips, Inc. (DRYS) continues to trade below all three major moving averages. Technically, this is very bearish and is the reason I will not be adding to my long term postion any time soon. Drys must hold $5.97 on a closing basis or more selling pressure could hit the stock. DRYS has major resistance at $7.50 and when the stock finally closes back over this level, I plan to buy more stock on the break out. For More Technical Analysis - Go Here

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Dryships DRYS Stock Trading Analysis

The following is technical analysis on DryShips, Inc. (DRYS) for October 19, 2009

DryShips, Inc. (DRYS) Support and Resistance Levels - 10/19/09

Resistance Levels - $7.50, $7.99, $8.67

Support Levels - $7.00, $6.50, $5.97

Chart - http://stockscharts.com/

Discuss Stocks - http://stockstobuy.org

DryShips, Inc. (DRYS) stock continues to trade back over all three major moving averages. I started a small long position last week in which I plan to add to in the coming months. On Thursday, the 10 day moving average broke up through the 200 day moving average, something not seen in over a year. I plan to add to my position when DRYS breaks up through $7.50 & $8.00. The next major resistance level will be at the $8.64 high from early June 2009. On the downside, there is major support under $6. If I get another chance to buy below this level, I will do so. For More Technical Analysis - Go Here

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DRYS POT FSLR Stock Analysis 7/24/09

I updated the following technical anlaysis stock charts at http://blackberrystocks.com/charts.html

Technical Analysis Updates: July 24, 2009

First Solar (FSLR) - Click Here

DryShips Inc ( DRYS ) - Click Here

Potash Corp. of Saskatchewan, Inc. (POT) - Click Here

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DRYS POT FSLR Stock Analysis 7/16/09

I updated the following technical anlaysis stock charts at http://blackberrystocks.com/charts.html

Technical Analysis Updates: July 16, 2009


First Solar (FSLR) - Click Here

DryShips Inc ( DRYS ) - Click Here

Potash Corp. of Saskatchewan, Inc. (POT) - Click Here


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Stock Upgrades July 8, 2009 - DRYS FSLR AMZN

July 8, 2009 - Here are some upgrades in the stock market today:

Discuss Stocks - http://stockstobuy.org

DryShips, Inc. (DRYS) - DryShips upgraded to Outperform from Underperform at Credit Suisse - Dryships stock is currently up over 5% in pre market - price target $8


Amazon.com Inc. (AMZN) - Amazon.com upgraded at Susquehanna - weak dollar contributed to this upgrade to positive. AMZN receives a $100 price target.


First Solar, Inc. (FSLR) - First Solar upgraded to Buy from Accumulate at ThinkEquity - price target $180 - FSLR trying to break $150 in pre market so far.


Peabody Energy Corp. (BTU) - Upgraded at Goldman Sachs - Price Target $45


Freeport-McMoRan Copper & Gold Inc. (FCX) - FCX upgraded at Citigroup with a $58 price target.


Skyworks Solutions Inc. (SWKS) - SWKS upgraded at Raymond James to Strong Buy


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Drys Earnings - Dryships Earnings 3/25/09

Dryships ( DRYS ) finally reported earnings today, March 25, 2009. After releasing a PR stating that they would release earnings on 3/24/09, they were again delayed. To no surprise, this was a horrible earnings report. Drys stock lost 11% in early trading to $4.90 per share.

DryShips posts $1.02 bln fourth-quarter loss

- Q4 EPS ex-items $0.43 misses estimates of $0.66/shr
- Sees loss from disposal of 3 capesize new buildings in Q1
- Sees loss of about $116.4 mln in Q1 related to the disposal

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Dryships DRYS Petrobras Deal 3/19/09

Dryships ( DRYS ) stock is exploding to the upside today is their subsidiary Ocean Rig is in a deal with Petrobras for deep water drilling. Drys is trading at $5.35 on this news.

DryShips announced today that its wholly-owned subsidiary Ocean Rig ASA has received a Letter of Award from Petrobras for a 3-year period employment contract for exploration drilling in the Black Sea. The 3 year term includes mobilization, disassembly and reassembly of the derrick structure for transit through the Bosporus Strait. The contract is expected to commence in direct continuation from the current contract with Shell. The contract value is approximately USD 630 million including an estimated 60 days of mobilization, disassembly/reassembly of the derrick structure and an incentive bonus of 8%. Full Article

Drys is back over the $5 mark so if we get a close over this level we could see additional fund buying come into the stock. I just wish they would release earnings so I could take more risk. If everything is ok with earnings, you could see Drys head back toward $10. This is a big " IF "

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Stock Market Report 3/4/09 Wall Street Watch

This afternoon, March 4, 2009, the stock market is getting a lift due to Chinese stimulus package which helped give Asian markets a bounce overnight. Oil is is jumping because of this news as well. Oil prices touched $45 briefly this morning but is now trading at $43.77 per barrel.

Stocks to Watch - 3/4/09


DryShips ( DRYS ) - Drys stock is soaring today on an oversold bounce and the fact that it is finally trading back over the 10 day moving average ( $3.53 ) for the first time since a few days after it topped out in the $17's. This is something to watch very closely! DRYS could be getting ready to make an up move but the stock remains extremely risky. From what I can tell, earnings might come out 3/5/09 after the close. DRYS is expected to report 0.71 cents per share in earnings.

Potash ( POT ) - Potash has really stuck out to me today! It made a daily high this morning at $81.49 and then dropped like a rock starting just after 11am est. Longs better hope the 73.49 low holds or a retest of $70 could be coming soon. After $70, $65 must hold. Today is the first time in many months where you saw strength in the stock market but weakness in POT. Mosaic ( MOS ) is up a bunch today so whoever sold big this morning knows something!!!!

Wells Fargo ( WFC ) - This to me is the most important event which actually just started happening about an hour ago. Wells Fargo ( WFC ) stock has been getting hammered....almost like a hedge fund is attacking it on the short side. This has caused the overall stock market to get weaker. Keep an eye on this stock! WFC hit a high of $11.32 this morning but is now trading just above $9. Is WFC the next shoe to drop?

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