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/

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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/

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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/

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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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Dryships DRYS Stock Analysis August 28 2009

The following is technical analysis on DryShips Inc ( DRYS ) for August 28, 2009

DryShips, Inc. (DRYS) Support and Resistance Levels - 8/28/09

Resistance Levels - $6.50, $6.99, $7.10

Support Levels - $6, $5.70

Chart - http://stockscharts.com/

Discuss Stocks - http://stockstobuy.org

Drys closed above both the 10 & 50 day moving averages today which hasn't been in a month. I bought DRYS today because of this and the fact that the move was on heavy volume. The next resistance level I am watching is $6.50 as well as the 200 day moving average located at $6.99. A close above the 200 day moving average will cause me to add to my long position. When stocks close above their 200 day moving average, it is usually a long term buy signal. If Drys closes below $6 at anytime I will be getting out. $6 to me should be solid support.

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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

Chart - http://stockscharts.com/

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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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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 Technical Analysis 1/26/09

The following is technical analysis of Dryships ( DRYS ) stock for January 26, 2009. You can see a stock chart of this analysis at: http://blackberrystocks.com/drys.html

Support and Resistance Levels - Dryships DRYS

Resistance - $13, $13.70, $15
Support - $10, $9.00, $8.80, $7.28

Drys is back near support at $10 per share...the low on Friday was $9 and it held the $8.80 late December low. As long as Dryships doesn't close below $10 I am comfortable owning this stock over $10 as this appears to be just a pullback to the 50 day moving average. If Drys closes back under the 50 day moving average, more selling could really hit the stock hard. $13 is the new resistance level and if Drys gets back up there, you will have many sellers willing to sell at that price. If that $8.80 low is broken, I will be waiting to see what happens at $7.28 and $5.90. The good thing about the Dry Bulk Shipping stock is that the Baltic Dry Index is starting to really spike higher finally.

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