Eagle Bulk Shipping (EGLE) NewsBite - EGLE Upgraded By Cantor Fitzgerald

Posted: Wednesday, March 04, 2009 1:24 PM EDT

Eagle Bulk Shipping (EGLE) was upgraded today by analysts at Cantor Fitzgerald and the stock is now at $4.07, up $1.11 (37.5%) on volume of 4,514,509 shares traded. The analysts upgraded EGLE to Hold from Sell. 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 $2.48 and resistance in the $3.74 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 June covered call above the 2.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

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