DryShips Inc DRYS stock technical analysis for September 07 , 2010
Support & Resistance Levels - 9/07/10
Resistance levels: $4.72, $4.62, $4.52
Support levels:$4.35, $4.28, $4.18
Share of drys is trading over all moving average which is bullish. Next major resistance area is 200 moving average which is $5.65.Stock got nice rebound from under $3 last 2 days.I do believe that was good buying opportunity near $4 again.long term resistance level is $5.If stock over $4.20 which will be good for long term buy signal. Support level is $3.80 which is good buying opportunity.
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