I added to my DryShips (DRYS) position as new support is defined around $3.90. Next level where it might find sellers is $4.50. It is trading above $4.30 pre-market setting up for a gap open.
DRYS Daily Chart
Bank of America rallied strong yesterday to decisively break out of the triangle pattern it’s been stuck in for most of the year. First it has to clear $17.40 to continue its ascent to my target of $20. I continue to hold this position with an ATR based trailing stop.
BAC Daily Chart
