DRYS – Breaking Critical Supports!

DRYS chart looks very bearish as DRYS broke down the Wedge channel support. The stock price is currently below 20D, 50D and 200D MA. Another scary thing is DRYS 200D MA is heading south implies that the DRYS is still on the long term down trend.

Technical Indicators also confirm that DRYS is bearish:
  • Stock price is at the lower Bollinger Band.
  • Stock price is below the Parabolic SAR.
  • MACD is moving into lower half of the graph.
  • RSI and Stochastic are heading south.

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