DTT Buzz
Exclusive Market Analysis, Alerts and Commentary from the DaytradeTeam trading staff
Monday, June 30, 2008
DryShips Inc. (NASDAQ:DRYS) Setting Up
After selling off hard after our last trade (which yielded +18%) Dryships Inc (NASDAQ:DRYS) has stabilized and formed an uptrend channel. This uptrend channel is now providing an optimal entry point and could produce a 20-30% trade over the coming months. On the 20 day chart DRYS is forming an ascending triangle @ uptrend channel support and looks to be setting up for a short term rally to 100.
Keith Greff
DTT Trader/ Analyst
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