DRYS - continuing to climb

With the broader US equity market still rising, transports were similarly on the climb. Dry Ships (DRYS) settled higher by a significant 3.7% @ $3.35. The big $4.00 threshold looks viable in September.


DRYS, daily

Summary

Little to add from previous posts.
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Today was the first daily close above the 200 day MA since June. Certainly bodes for further upside for the rest of August, and into September.

If main market can climb into the sp'2030/50 zone in Sept', DRYS could easily see a major surge to the $4 level.

*BDI continues to rise.. and that is certainly helping.