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Chief Market Strategist Gareth Soloway has been an avid swing and day trader since his days at Binghamton University where he studied Economics. After college, Gareth quickly excelled as a financial advisor, helping clients get their financial houses in order. While helping others gain financial... More
My company:
InTheMoneyStocks.com
My blog:
Pro Traders Rant & Rave Blog
  • DryShips Alert Gives Profits With More To Come 0 comments
    Aug 22, 2013 12:23 PM | about stocks: DRYS

    DryShips Inc. (NASDAQ:DRYS) was started at outperform with a $2.75 target by Imperial Capital. First, you have to wonder who got the news yesterday and loaded the boat. Wall Street continues to be very shady. However, putting that aside, we saw the block buy and were able to alert everyone.

    The stock has knocked on a major breakout trend line on the daily chart at 2.20. Should this break, there is significant upside to well above $3.00. Momentum would most likely trigger a short squeeze. Watch for a close above $2.20.

    Gareth Soloway
    InTheMoneyStocks.com

    Stocks: DRYS
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