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

Posted: Friday, December 19, 2008 1:30 PM EDT

Eagle Bulk Shipping (EGLE) leads the list of top losers so far today and is now at $6.69, down $2.24 (-25.09%) on volume of 5,216,998 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 $7.77 and resistance in the $10.45 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 10 range. [ABR-Seven Summits Strategic Investments NewsBite]

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