Particularly in DRYS. An early dip below support on high volume and then a close near the top of the recent range. I look for a break out above in the coming days.
We'll see....
Friday, May 23, 2014
Time for a Bounce in Dry Bulk?
Keep an eye on the dry bulk shippers. It looks like something of a bottoming process going on. A lot of that has to do with a possible bottom in the Russell Small Caps. Diana Shipping (DSX) and Dryships (DRYS) with strong performances today.
Particularly in DRYS. An early dip below support on high volume and then a close near the top of the recent range. I look for a break out above in the coming days.
We'll see....
gh
Particularly in DRYS. An early dip below support on high volume and then a close near the top of the recent range. I look for a break out above in the coming days.
We'll see....
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All comments are appreciated as it will give me a chance to adjust my content to any real people who may be out there. Thank you. gh