PPR - Dryships (DRYS) has put int a Bottom-Fishing Pocket Pivot - Look for it to move with Stuff Stox!

Published : October 8 2010 at 12:05 ET

Dryships (DRYS) has put in a bottom-fishing pocket pivot a couple of weeks ago as it jacked up through its 50-day moving average on huge volume 10 trading days ago. Since then the stock has backed down towards the 50-day line on volume that has been drying up in the extreme. With "Stuff Stox" moving today, we would look for DRYS to hold above its 50-day moving average as it tries tomove higher. We own the stock right here.

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