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TMCNet:  Hot Stock: DryShips, Shares Gain 6.6% (DRYS)

[February 13, 2013]

Hot Stock: DryShips, Shares Gain 6.6% (DRYS)

Feb 13, 2013 (SmarTrend(R) Spotlight via COMTEX) -- DryShips (NASDAQ:DRYS) is one of today's best performing low-priced stocks, up 6.6% to $2.41 on 1.0x average daily volume. Thus far today, DryShips has traded 5.8 million shares, vs. average volume of 5.7 million shares per day. The stock has outperformed the Dow (6.6% to the Dow's -0.4%) and outperformed the S&P 500 (6.6% to the S&P's -0.0%) during today's trading.


Over the past year, DryShips has traded in a range of $1.46 to $5.12 and is now at $2.41, 65% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.2% while the 200-day MA has slid 0.7%.

DryShips Inc. owns and operates drybulk carriers. Commodities transported by the Company consist of major bulks, which include iron ore, coal, and grain, and minor bulks such as bauxite, phosphate and steel products. The Company also owns Ultra Deep Water Rigs.

DryShips (NASDAQ:DRYS) has potential upside of 3.1% based on a current price of $2.41 and analysts' consensus price target of $2.48. DryShips shares have support at the 200-day moving average (MA) of $2.20 and additional support at the 50-day MA of $1.95.

SmarTrend recommended that subscribers consider buying shares of DryShips on January 4th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $1.96. Since that recommendation, shares of DryShips have risen 15.3%. We continue to monitor DRYS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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