On Tuesday July 5, 2011 I posted a chart on StockTwits about DRYS inferring it was in a possible sweet spot if it could hold above 3.92.
DRYS Near Lower Targets
The January 25, 2011 low of 4.61 was close to projections and created a fair move in the stock 12% higher. However, as 4.61 was broken this low now becomes a wave 3 low, and not the final wave 5.…
Trade Signal DRYS_030711
Buy signal trading DRYS- March 7, 2011* Trading signal for daily price bars Buy price: $4.85 Sell stop price: $4.59 LEVEL HIT – March 15, 2011 Short term profit level: $5.70 Long term profit level: $6.20 Trading Signal Buy Chart…
DryShips Trading At Price Target
Today DRYS traded to the projected triangle wave A correction price of 4.88. This price was calculated using the 3.92 low and 6.44 high shown in the previous chart as wave 2 in red and internal wave 3 in green.…
Stocks On The Move January 3, 2011
After much nervousness in the holiday trading sessions, the beginning of the new year launches stocks higher without regard to past tentative tendencies or indicators. LEAP wireless gained almost 9.5% and has reached the short term price target set. LEAP…
DryShips Inc Correction
DryShips has been trading poorly since it traded to 6.44 on 12/13/10. Many following the stock are expecting more upside, however the recent correction is certainly bringing skepticism to a prolonged DRYS uptrend beginning. A look at the daily chart…
DryShips Inc. Trading Higher Again
In mid November DRYS was in the midst of a consolidating wave 4 pattern that was on the verge of breaking out to larger time frames price targets. Since the prior analysis, DRYS has traded 14% higher. At the open…
Stocks Trading At Projected Lows
Many price targets were met today previously mentioned and are worth noting for potential trading opportunities and continued confirmation or contradiction of Elliott Wave formations. Trading in DRYS hit a daily low of 5.11. DRYS projected low was 5.13. This…
Dryships Trades Higher After Earnings
DRYS traded up about 11.5% today to a high of 5.79. Earnings were released last night after the bell. Reports Q3 (Sep) earnings of $0.38 per share, excluding non-recurring items, $0.13 better than the consensus of $0.25. DRYS has always…
DryShips Trading Higher
In late September 2010 we revisited possible trading scenario for DRYS. The stock has traded up 33% since this point and earnings are expected to be released tomorrow. This could create even more volatility for DRYS. Although it has been…
DryShips Inc. Price Motion Could Be Turning Bullish
DryShips Inc. is up 22% in the past two trading days. DRYS has been volatile in the past and traders are looking for more of that to finally continue. 83% off its low in March of 08′ DRYS is still…
DryShips Technical Price Targets
After our sell stop signal on DRYS it became overly clear that the market and stock sentiment was not going to allow for the correction expected and the short term uptrend price targets set. There is a way to calculate…
Short term trading gains will likely be tested in dry shippers
Last week the trading of EXM and DRYS was on the watch list for potential bottoming process in play. EXM has continued to show volatile strength to the upside while DRYS has shown some signs of its volatile downside beginning…
Excel Maritime Carriers took the plunge
With EXM recently on the radar for successful trading signals and DRYS doing nothing to excite a long position, todays trading action in EXM could be exactly what DRYS needs. The chart was exciting to see develop and if it…
Trade Signal DRYS_042810
Buy trading signal triggered on DRYS on April 28, 2010**. DRYS- Buy signal triggered on DRYS on April 28, 2010* Trading signal for 30 minute price bars Buy price: $5.88 Sell stop price: $5.30 LEVEL HIT – May 6, 2010…
Shipping stocks could be positioned for a big swing
While some may be wondering why the market is still headed higher or when a correction will come, why think any harder when looking for the next catalyst. Just pick a sector that hasn’t moved yet, make up some projections…