user warning: Table './fnndrupaldev/term_node' is marked as crashed and last (automatic?) repair failed query: SELECT t.* FROM term_node r INNER JOIN term_data t ON r.tid = t.tid INNER JOIN vocabulary v ON t.vid = v.vid WHERE r.vid = 441605 ORDER BY v.weight, t.weight, t.name in /var/www/www.fnno.com/htdocs/modules/taxonomy/taxonomy.module on line 617.

DryShips Up 6.2%, Shares Break Through Resistance (DRYS)

Published on Wed, 02/13/2013 - 13:23
By Peter Chu

DryShips (NASDAQ:DRYS) is one of today's best performing low-priced stocks, up 6.2% to $2.40 on 1.2x average daily volume. DryShips has traded 6.9 million shares thus far today, vs. average volume of 5.7 million shares per day. The stock has outperformed the Dow (6.2% to the Dow's -0.3%) and outperformed the S&P 500 (6.2% to the S&P's 0.0%) during today's trading.

There is potential upside of 3.5% for shares of DryShips based on a current price of $2.40 and an average consensus analyst price target of $2.48. The stock should find initial support at its 200-day moving average (MA) of $2.20 and further support at its 50-day MA of $1.95.

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.

In the past 52 weeks, shares of DryShips have traded between a low of $1.46 and a high of $5.12 and are now at $2.40, which is 64% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has advanced 1.2%.

By Peter Chu
pchu@fnno.com

Latest News from FNNO

Recent 52-Week High Exceeded in Shares o...

Shares of Xerox (NYSE:XRX) traded at a new 52-week high today of $13.88. This new high ...

Web.com Group Inc: New 52-Week Low Set T...

Shares of Web.com Group Inc (NASDAQ:WWWW) traded at a new 52-week low today of $18.80. ...

Shares of Washington Real Estate Investm...

Washington Real Estate Investment Trust (NYSE:WRE) traded at a new 52-week high today o ...

Watch for Continued Gains in Shares of W...

Shares of WPX Energy (NYSE:WPX) traded today at $26.76, breaking its 52-week high. Thi ...

VCA Antech: 52-Week High Recently Eclips...

VCA Antech (NASDAQ:WOOF) traded today at a new 52-week high of $41.12. This new high w ...

WellPoint Looks to Continue to Trade Abo...

WellPoint (NYSE:WLP) traded at a new 52-week high today of $117.32. Approximately 862, ...

Whiting Petroleum: 52-Week High Recently...

Shares of Whiting Petroleum (NYSE:WLL) traded today at $92.92, breaking its 52-week hig ...

Shares of Vector Group Rise Above Previo...

Vector Group (NYSE:VGR) traded today at a new 52-week high of $23.76. So far today app ...