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DryShips (DRYS) Shares Spike Over 200 Day, Now Up Almost 11%

February 13, 2012 3:33 PM EST
Shares of DryShips (Nasdaq: DRYS) have spiked about 6 or 7 percent over just the last few minutes as the stock price touched the 200-day smooth moving average and seems to be bouncing.

The stock is now up nearly 11 percent to $3.33 at last check.

The majority of the dry bulk sector is rising into the close, potentially as trading in crude oil on the CME is now resumed following "technical issues."


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