A great move today from Dryships Inc (DRYS) stock which was featured in my Wednesday night edition of Blain’s Nightly Stock Picks. The stock tallied 8% to close at $89.96, almost two points above the $88.20 buy point.
For those who are not familiar with the stock, Dry Ships is a provider of carrier transportation services for drybulk commodities. The company operates a fleet of 35 vessels.
Take look at the chart below to see its breakout today. My stop is the low of today, or $84.49.