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.
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.