Eagle Bulk Shipping (EGLE) NewsBite - One of Today's Top Gainers So Far

Posted: Wednesday, December 10, 2008 11:03 AM EDT

Eagle Bulk Shipping (EGLE) leads the list of top gainers so far today and is now at $7.59, up $1.68 (28.48%) on volume of 1,627,535 shares traded. Over the last 52 weeks the stock has ranged from a low of $2.55 to a high of $36.24. Eagle Bulk Shipping stock has been showing support around $3.60 and resistance in the $7.50 range. Technical indicators for the stock are bearish 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 January out-of-the-money bull-put credit spread below the 5 range. [ABR-Seven Summits Strategic Investments NewsBite]

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