DRYS - well on the way

With the main market rising, Dry Ships (DRYS) - along with most other shippers, is continuing to power higher. DRYS settled up a powerful 12.7% @ $4.70, the highest close since May 2011. There is easy upside to $5..if not $6 within the near term.


DRYS, daily

DRYS, weekly

DRYS, monthly

Summary

*see my other regular postings for updates on the BDI
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Suffice to say, DRYS has broken the old resistance, and is now well on the way to the 5s, if not the 6s.

Indeed, if the BDI can break to the 4000s by the late spring, DRYS could even be back into double digits - last seen in May'2009 (after a low of $2.72 in March 2009), before the main market rolls lower across summer/autumn 2014.

Without question, a very interesting and dynamic sector to watch.