DryShips Inc DRYS Resistance, pivot & Support Levels - 04/18/2011
Resistance levels: $4.82, $4.79, $4.76
Pivot point: $4.72
Support levels: $4.69, $4.65, $4.62
Dryships Inc. (DRYS) is trading under $4.73 on Friday.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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