It looks like Dry Ships (DRYS) is stuck in a trading range for now as it is unable to trade past $4. Price action appears to be pulling this stock lower towards $3.23. What is interesting now is that, after yesterday’s pullback, it shows relative weakness with respect to other sectors and the broad market. $3.60 is a short term resistance level that it needs to clear to move back to the previous trading range and a sign it is gaining back strength.
Drys Daily Chart
