After selling off hard after our last trade, Dryships Inc (DRYS) has stabilized and formed an uptrend channel. This uptrend channel is now providing an optimal entry point and could produce a 20-30% trade over the coming months. On the 20-day chart DRYS is forming an ascending triangle at uptrend channel support and looks to be setting up for a short-term rally to 100.



Andy Swan is co-founder and head trader for DaytradeTeam.com. To get all of Andy's day trading, swing trading, and options trading alerts in real time, subscribe to a one-week, all-inclusive trial membership to DaytradeTeam by clicking here.