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

Posted: Wednesday, February 04, 2009 3:09 PM EDT

Eagle Bulk Shipping (EGLE) leads the list of top gainers so far today and is now at $7.02, up $1.54 (28.1%) on volume of 3,793,050 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 $5.16 and resistance in the $5.78 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 bull-put credit spread below the 5 range. [ABR-Seven Summits Strategic Investments NewsBite]

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