Eagle Bulk Shipping (EGLE) NewsBite - One Of Today's Top Losers

Posted: Thursday, November 19, 2009 2:20 PM EDT

Eagle Bulk Shipping (EGLE) leads the list of top losers so far today and is now at $6.00, down $0.75 (-11.11%) on volume of 7,412,348 shares traded. Over the last 52 weeks the stock has ranged from a low of $2.55 to a high of $9.87. Eagle Bulk Shipping stock has been showing support around $5.99 and resistance in the $7.13 range. Technical indicators for the stock are neutral and S&P does not currently have a STARS rating for EGLE. If you are looking for a hedged play on EGLE the stock seems like it could be a candidate for a March out-of-the-money bear-call credit spread above the 7.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

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