Trade Idea - DRYS
Wednesday, October 15, 2008
Chart courtesy of stockcharts
DRYS is trading lower today in part due to the retail number reported early in the morning. Looking at the daily chart, the stock appears to have run out of sellers at current levels. The near-term outlook appears positive. A close above $25.98 would confirm the positive outlook and could push the stock to the target zone of $30.20.Let's keep an eye on it.
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.