Posted On: 12/26/2013 8:14:35 PM
Post# of 2561
DRYS Daily Chart ~ This Shipping Company is Now Officially a Rocket
Ok, this current swing trade has now moved up dramatically (link back for previous comments). As hoped for, the 4.00 resistance was taken out yesterday and confirmed hugely today. And check out that buying volume today of almost 40 mil shares! Big bucks moving in, and they don't carry that the entire candle stayed outside the upper bollie from the opening into the close. Once the stock hits 5.00, one can expect most every fund out there to be able to buy DRYS. Many institutions have an internal restriction not allowing investment into stocks trading under 5.00. So we could see a lot more over the short term. Trade smart! GLTA
Ok, this current swing trade has now moved up dramatically (link back for previous comments). As hoped for, the 4.00 resistance was taken out yesterday and confirmed hugely today. And check out that buying volume today of almost 40 mil shares! Big bucks moving in, and they don't carry that the entire candle stayed outside the upper bollie from the opening into the close. Once the stock hits 5.00, one can expect most every fund out there to be able to buy DRYS. Many institutions have an internal restriction not allowing investment into stocks trading under 5.00. So we could see a lot more over the short term. Trade smart! GLTA
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