FlowTrades Daily Highlights Dryships

Published on Tuesday, 10 November 2009 23:37 Written by TradersHuddle Staff

Weston, Nov 10 (FlowTrades.com) - FlowTrades.com, an online subscription service that increases confidence in trading stocks, by providing in-depth technical analysis of stocks with a simple to use system to lock up profits and limit losses, highlighted Dryships Inc (NASDAQ: DRYS) in its daily members market recap.

Some of the technical highlights provided included the fact that the stock resolved was able to get above the 200 day simple moving average, although that move might trigger several indicators, FlowTrades stated that patience is key in dealing with Dryships, given that it still needs to deal with significant resistance with both the 20 day and the 50 day moving averages.

The full technical outlook can be reviewed at FlowTrades.com.

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FlowTrades is an online newsletter for informational purposes only. The service should not be considered as investment advice, endorsement of any security, or as an offer to buy or sell any security. FlowTrades.com is not a registered investment advisor, and doesn't provide individual investment advice.