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DryShips, Inc. Message Board

  • swansonc1965 swansonc1965 Dec 22, 2010 11:12 AM Flag


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    DryShips Inc. (NASDAQ:DRYS) - Looking at the technical chart above, we can see a nice pull back after recent advance. The volume on this pull back has been minimal compared to the volume on the way up, so there is nothing to worry about. This stock is still displaying upside momentum and is poised to move higher from these levels. Let’s see whether the stock can gather enough momentum to break through $6.32 next week. If the Bulls are able to push through this level, there will be another rally towards $6.68 . The uptrend continuation scenario is slightly more likely at the moment. Shareholders may remain invested with a stop-loss at $5.69.

0.93+0.0328(+3.66%)Jan 30 3:59 PMEST

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