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/

Discuss Stocks - http://stockstobuy.org

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

Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Baltic Dry Index - Stock Forum

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DRYS POT RIMM Analysis 3/10/09 - March 10, 2009

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

Technical Analysis Updates: March 10, 2009


Research in Motion - RIMM
Potash - POT
DryShips - DRYS
First Solar - FSLR

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POT AAPL DRYS Analysis 3/2/09 - March 2, 2009

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

Technical Analysis Updates: March 2, 2009

Visa - V
Apple - AAPL
Potash - POT
DryShips - DRYS
First Solar - FSLR

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Biggest Stock Gainers 2/26/09 February 26, 2009

Today, February 26, 2009, there are several stock gainers that are breaking out with some nice momentum. If you are looking to day trade today, you might want to check out the following stocks. Check out today's biggest gainers and the Top Stocks for 2009

Hot Stocks 2/26/09 - Biggest Gainers Today


Fifth Third Bancorp ( FITB ) - $2.40 Up 23.71% - Fifth Third to benefit from stress test. Fifth Third shares soar as analyst says bank will likely benefit from government's stress test.

DryShips ( DRYS ) - $4.36 Up 13.84% - DryShips Announces It Has Reached Final Agreement With Nordea Bank for a Covenant Waiver on the $800 Million Primelead Facility

Fluor ( FLR ) - $36.85 Up 11.84% - Fluor sees steady '09 after strong Q4 earnings, shares leap

Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Baltic Dry Index

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Biggest Stock Gainers 2/23/09 February 23, 2009

Today, February 23, 2009, there are several stock gainers that are breaking out with some nice momentum. If you are looking to day trade today, you might want to check out the following stocks. Despite the stock market going down today, here are several hot stocks bucking the trend. Check out today's biggest gainers and the Top Stocks for 2009.

Hot Stocks 2/23/09 - Biggest Gainers Today

Fifth Third Bancorp ( FITB ) - $1.34 Up 30% - FITB continues to go up on the Citigroup News.

Citigroup ( C ) - $2.20 Up 13.21% - US stock index futures pointed to a higher open Monday as shares of Citigroup gained following reports the government could up its stake in the Wall Street giant.

United Airlines ( UAUA ) - $6.35 Up 15% - Airline stocks post gains after last week's declines

DryShips ( DRYS ) - $4.28 Up 13% - Drys was upgraded by Oppenhiemer today, 2/23/09, Upgraded to Perform from Underperform

Check out the biggest stock gainers today.

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Stock Market Report 2/23/09 February 23, 2009

This morning, February 23, 2009, the Stock Market Futures have come off their highs as the Government has taken additional action in the banking sector.

The Government may end up taking a 40% stake in Citi but executives at Citigroup would like to keep it around 25%. The preferred shares would be converted into common stock.

This news had both Citigroup and Bank of America up big but now reality is setting in and they have come off their highs. These two banking stocks will be very volatile today. I view this jump in futures as nothing more then short covering. It still appears as though Wall Street is pricing in lower earnings for the S&P 500. Many targets have the S&P going down to 600-650.

Citigroup ( C ) - Pre Market - $2.01
Bank of America ( BAC ) - Pre Market - $3.97

In other news - DryShips ( DRYS ) has been upgraded by Oppenheimer - raised to Perform from Underperform. DRYS is getting a 10% pop on this news to $4.20 per share.

The Stock Market will be volatile this week as additional details from Timothy Geithner on a banking plan could be released this week. I continue to watch 7286 and 7181 on the Dow Jones as well as 741 on the S&P 500.

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AAPL Visa V DRYS Analysis 2/20/09 - February 20, 2009

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

Technical Analysis Updates: February 20, 2009

Visa - V
Apple - AAPL
DryShips - Drys
United States Oil Fund - USO

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Stock Market 2/18/09 February 18, 2009

Today, February 18, 2009, the Stock Market is getting a small bounce in pre market with 30 minutes left to go before opening bell. President Barack Obama will give a speech at 12:15pm Est about a potential housing plan to stop foreclosures. Details are starting to come out and this plan actually looks really good!! The Stock Market Futures are rising as I am typing. There are many incentives in this plan that will actually help the housing market. This is an actual blue print for action versus Timothy Geithner's bank rescue goals that tanked the market. I am expecting a pretty nice day now!

Update 10:15am - Markets are testing lows....they do not like this housing plan afterall! We could see a rally when Obama starts talking later today. Drys turned out to be a false alarm but I will keep watching it.

What to Watch - Stock Market 2/18/09

MBIA ( MBI ) - Ambac ( ABK )
Dryships ( DRYS )
Nasdaq Resistance of 1500 & Nasdaq Support of 1434
Dow Jones Resistance at 7774, Dow Jones Support at 7500 and 7449
Bank Stocks BAC, C, FITB
Sentiment is still bearish despite the bounce we are getting this morning
Gold Falling ( $966 )
Oil Flat at $35

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Biggest Stock Gainers 2/9/09 - February 9, 2009

Today, February 9, 2009, there are several stock gainers that are breaking out with some nice momentum. If you are looking to day trade today, you might want to check out the following stocks. Check out today's biggest gainers and the Top Stocks for 2009.

Hot Stocks 2/9/09 - Biggest Gainers Today

Fifth Third Bancorp ( FITB ) - $3.13 Up 19.01% - FITB continues to surge higher. On Wednesday, FITB was noticed for heavy calling buying.

Genworth Financial ( GNW ) - $2.77 Up 19% - GNW, HBAN, HIG, RF all going up due to the potential of the bank rescue plan due out tomorrow.

Dryships ( DRYS ) - $7.06 Up 14.24% - DryShips Announces Preliminary Agreement With Nordea Bank for a Covenant Waiver on the $800 Million Primelead Facility

Sohu.com ( SOHU ) - $49.87 Up 8.90% - SOHU reported better then expected earnings, beats street estimates, SOHU will be a hot China stock today. BIDU also going up with this news.

Check out the biggest stock gainers today or previous gainers.

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POT, AAPL, V, DRYS Analysis 2/6/09 - February 6, 2009

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

Technical Analysis Updates: February 6, 2009

Visa - V
Apple - AAPL
Dryships - Drys
Potash - POT

I will sneak in a little side note for the people who view my blog every day. I believe the stock market is rallying today due to the potential of the stimulus package, short covering, and possible change in mark to market accounting rule or a Timothy Geithner toxic asset purchase plan. The Dow has broken out of a trading range and could test the 50 day moving average next week around 8470.

This is a classic buy the rumor day which could extend into early next week, but I believe traders will sell the above news when it is released.

Oil markets: Oil is falling as the back month contract gets sold, and the front month contract comes in. This is effecting the USO in what it called Contango. I am waiting for the USO to close back over the 10 day moving average for a nice rip higher.

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Biggest Stock Gainers 2/4/09 - February 4, 2009

Today, February 4, 2009, there are several stock gainers that are breaking out with some nice momentum. If you are looking to day trade today, you might want to check out the following stocks.

Check out today's biggest gainers and the Top Stocks for 2009.

Hot Stocks 2/4/09 - Biggest Gainers Today

GT Solar ( SOLR ) - $4.40 Up 31.02% - GT Solar swings to 3Q profit as sales skyrocket

Jones Lang Lasalle ( JLL ) - $27.51 Up 20.55% - JLL reports better then expected earnings

Eagle Bulk Shipping ( EGLE ) - $6.85 Up 25% - Bulk Shipping Rates are exploding higher and EGLE, DRYS, TBSI, DSX are all benefitting.

Check out the biggest stock gainers today.

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Biggest Stock Gainers 2/3/09 - February 3, 2009

Today, February 3, 2009, there are several stock gainers that are breaking out with some nice momentum. If you are looking to day trade today, you might want to check out the following stocks.

Check out today's biggest gainers and the Top Stocks for 2009.

Hot Stocks 2/3/09 - Biggest Gainers Today

InterMune ( ITMN ) - $16.44 Up 38.50% - ITMN is up big on drug data news - InterMune Reports Results of Two Phase 3 CAPACITY Studies of Pirfenidone in IPF.

DryShips ( DRYS ) - $6.40 Up 31% - DryShips Reaches Preliminary Agreement for Covenant Waiver and Deferral of Loan Installments With Piraeus Bank.

OSI Pharmaceticals ( OSIP ) - $41.13 Up 13.08% - Phase III Study Showed Tarceva in Combination with Avastin as First-Line Maintenance Therapy Improved Progression-Free Survival in Advanced Lung Cancer.

Check out the biggest stock gainers today.

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Stocks to Watch 1/29/09 January 29, 2009

This morning, 1/29/09, the stock market futures are lower as we give back some gains from the past few days. The house passed the stimulus bill last night but did not get support from Republicans. Below are some stocks that will be active in the stock market today. Be sure to check out the latest technical analysis.

Stocks to Watch - January 29, 2009

Dryships ( DRYS ) - $9.40 Down 23.08% - DryShips in breach of some loan covenants -DryShips ( DRYS ) said two of its banks notified the Greek dry bulk carrier that it is in breach of certain financial covenants and it is currently in discussions with its lenders for waivers and amendments to loan covenants. Oppenheimer also downgraded Drys this morning to underperform from perform. Technically, DRYS is dangerous back under $10 and would be cautious. Keep an eye on $9.00 and $8.80, if these are taken out it could get ugly!

Sepracor ( SEPR ) - $15.45 Up 13.35% - Sepracor swings to 4th-quarter profit on lower costs, tops Wall Street forecasts.

Ford ( F ) - $2.01 Down 0.99% - Ford reported a loss of $1.37 in earnings, Revenue 29.2 billion, has roughly 13 billion in cash since they only burned through just over 5 billion for the quarter. During the 3rd quarter, Ford burned through over 7 billion in cash so this is a nice improvement but was expected. Ford says it still doesn't need the bridge loan from the Government.

Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Baltic Dry Index

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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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Biggest Stock Gainers 1/8/09 - CHTR Charter

This morning 1/08/09, we have several hot stocks that are breaking out to the upside. I will most likely be trying to day trade the following stocks if the opportunity is right. If the market keeps sliding today, I will stay away. I like to trade when the market is going up so that it limits risk. Here are today's biggest gainers.

Hottest Stocks January 8, 2009

Charter Communications ( CHTR ) - $0.22 up 34% - Basically going up on yesterday's news.

Aviza Technologies ( AVZA ) - $0.35 up 235% - AVZA updated investors on guidance.

Anady's Pharmaceuticals ( ANDS ) - $3.05 up 53% - Upgraded to Buy by Merriman, early clinical trial of Hepatitis C drug was positive.

MF Global ( MF ) - $3.45 up 18% - MF is continuing its trend up on no news

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Biggest Stock Gainers 1/5/09 - Dryships Drys

This morning in pre market 1/05/09, we have several hot stocks that are breaking out to the upside. I will most likely be trying to day trade the following stocks if the opportunity is right. Keep in mind, the stock market futures are down today so you have to be careful as always.

January 5, 2009 - Biggest Stock Gainers, Winners

YMI Biosciences ( YMI ) - $0.43 up 26% - YM BIOSCIENCES' NIMOTUZUMAB SELECTED FOR MULTINATIONAL PHASE III TRIAL BY NATIONAL CANCER CENTRE OF SINGAPORE.

Navios Maritime ( NM ) - $4.03 up 12.71% - This is a bulk shipping company which is moving with the dry bulk shipping stocks. You can view the Dry Bulk Index by going to http://dryindex.com

DryShips ( DRYS ) - $13.19 up 6% - Drys is moving up for the third straight day, be careful, this has gone up a lot in the past week but is still worth day trading if you are advanced. Watch $13.76

Unisys ( UIS ) - $1.11 up 7.77% - UIS received a nice contract today from New Jersey


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Pre Market Stock Gainers 1/2/09 - Dryships Drys

This morning, 1/02/09, we have a few big stock gainers to report but for the most part things are quiet. Next week the action comes back to the stock market.

Today's Biggest Gainers - January 2nd, 2009

DryShips ( DRYS ) - $11.35 up 6% - Basically it is filling the gap this morning after the swift late day sell off on Wednesday.

General Motors ( GM ) - $3.47 Up 8% - GMAC and GM agree to financing deal


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Dryships DRYS Analysis - 12/31/08 - December 31, 2008

Today, 12/31/08, Dryships DRYS stock is breaking out with heavy volume this morning. If you are long this stock, the key levels to look at are $12.10 and $13.76. These are the two highs on the last run up.

As for this afternoon, DRYS is hitting strong resistance in the $11's where there is heavy selling around the $11.37 area. If Drys can break $11.37 it sets up a potential afternoon run. A break back below $11 at any point today would be viewed as bearish but a sell off could set up for a gap up in price on Friday 1/02/09.

The key point with Drys is it has traded back above the 10 and 50 day moving averages which if this holds up would be a bullish buy signal. for now, i'm watching $11 and $11.37

The Baltic Dry Index is closed for the holidays and I believe it reopens 1/2/09. I will have the latest data posted here on my blog.

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Dry Bulk Shipping Rates Report - 12/23/08 DRYS

The following is a report on Dry Bulk Shipping Rates for 12/23/08. This data is critical for how the DryBulk Shipping Stocks such as DryShips ( DRYS ), Excel Maritime Carriers ( EXM ), Diana Shipping ( DSX ), Genco Shipping ( GNX ), TBS International ( TBSI ), Navios Maritime ( NM ), and OceanFreight ( OCNF ) will trade during the day. As you probably know, the Dry Bulk Shipping index can tell you a lot about the state of the World Economy. When Bulk Shipping Rates are at all time highs, the World Economy is outstanding. When Bulk Shipping Rates are as low as they have been lately, it signifies that the world economy has come to a screeching halt.

Dry Bulk Shipping Rates - December 23rd, 2008

Baltic Dry Index ( BDI ) - 784 Down 17
Baltic Cape Index ( BCI ) - 1345 Down 28
Baltic Panamax Index ( BPI ) - 571 Up 12
Baltic Supramax Index ( BSI ) - 430 Down 12
Past Bulk Shipping Rates

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