100% Gain in 1 week

With DRYS trading in near $11.00 we have realized over a 100% gain from our previous post. At this point there are 3 things that can be done:

1) Move up your stops
2) Take 1/2 your position off
3) Sell

I have highlighted developments that warrant caution.
First, price is retreating from a significant moving average.

Second, the MACD shows a momentum plateau.

Last, Stochastics peaked above 80 and are descending.









The current price is at our target (see previous post). The current chart no longer represents a definable edge and in fact shows potential deterioration. So when faced with a situation like this a trader must weigh risk vs. reward. 100% gains are rare. However big gains are made when you let your winners run. This is where Stops can be particularly useful.