DryShips Looks Good In Pre-Market Trading

Posted in pre-market 
August 2nd, 2010

DryShips, Inc. (NASDAQ: DRYS) was slightly up this morning in pre-market trading as its rating was moved from Hold to Buy.  At 8:35 AM EST the company was up 3.99% from $4.51 to $4.69 and has traded 41,720 shares.  The average volume for the company is 12,073,700 market shares.  This comes in the middle of the 52 week trading range of $3.28 – $7.99.

DryShips has recently featured a high rate of volatility, implying that the the stock is neither overbought nor oversold for its price.

-Michael B. Sauter

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