DryShips Inc DRYS Resistance, pivot & Support Levels - 03/28/2011
Resistance levels: $5.07, $5.01, $4.95
Pivot point: $4.87
Support levels: $4.81, $4.73, $4.67
Dryships Inc. (DRYS) jumped again Friday and may be going back to $5.00. The next major resistance level for Dryships is located at $5.20. Drys has support at $4.48. Short term stock is bearish now if stock closed over $5 which will be bullish.The next major resistance level for Dryshipsis now $5.50.Drys needs to hold $4.60 on a closing basis which is the new support level.Stock is good buy for long term buy mid $4.30-$4.40 area.This is my one top pick for 2011 and I do believe stock could see double form here.
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