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[Costa]

I like this chart on DryShips Inc.(NASDAQ:DRYS) alot. Prob one of my Favorites right now. As you can see the stock brokeout on highvolume last month and was able to keep this strength in March. The stock ended the day on Friday with a strong gain of 14 cents (4%) to 3.48. It pushed higher throughout the day and closed out the session near its highs. This creates a bullish scenario for next week, one in which the stock opens the day a few ticks higher and then continues its rally. The break of resistance 3.33 (20-day SMA ) with high volume also was great. The next point of interest is the the next point to look out for is the high of February at 3.84. DRYS has a very interesting daily chart and could have a bigger move soon. The technical chart looks really bullish as the stock is trading above 50-day moving average and the 50-day MA crossed above 200-day MA recently ( Golden Cross ). Additionally, the Accumulation/Distribution shows that the stock continues to be under accumulation by institutional traders and money managers. Heavy volume on up days. A break of 3.84 would confirm continuation of the trend, with a target area of 4.3 to 4.5. Worth watching for a breakout.