Dryships is back in the trading range that started in October last year and might have found support around $3.23 yesterday. The ATR trailing stop is still keeping me in the trade and it would have to close below $3 to stop me out. I’m going to wait for the market to gain its footing before deploying any cash while keeping DRYS on my watch list. It is one of the stocks I’d like to add to my position in 2014
- DRYS Weekly Chart
- DRYS Daily Chart