Technical Analysis: Relatively High Company Cash Detected in Shares of DryShips

Below are the top five cash rich companies in the Marine industry as ranked by Cash Equivalents (CE). Analysts use CE as a measure to compare the cash cushion of companies in the same industry.
DryShips (NASDAQ:DRYS) ranks first with CE of $693.17M; Diana Shipping (NYSE:DSX) ranks second with CE of $290.13M; and Genco Shipping & Trading (NYSE:GNK) ranks third with CE of $188.27M.
Navios Maritime Holdings (NYSE:NM) follows with a CE of $173.93M and Paragon Shipping (NASDAQ:PRGN) rounds out the top five with a CE of $133.96M.
SmarTrend is bullish on shares of NM and our subscribers were alerted to Buy on February 22, 2010 at $6.46. The stock has risen 7.4% since the alert was issued.

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• GNK
• NM
• PRGN
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