Dryships back in trading range

Posted on January 28, 2014 by Stock Trade Journal

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

About Stock Trade Journal

The information in this blog is not investment advice. Please consult a financial advisor before investing. I have been trading stock since the 1990's and survived the .com crash. I am developing software applications to help me trade better and now I am making them available to help other traders. This blog is also a way to share my experiences and observations in the market.
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