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TMCNet:  Hot Stock: Eagle Bulk Shipping, Shares Gain 6.8% (EGLE)

[February 13, 2013]

Hot Stock: Eagle Bulk Shipping, Shares Gain 6.8% (EGLE)

Feb 13, 2013 (SmarTrend(R) Spotlight via COMTEX) -- Eagle Bulk Shipping (NASDAQ:EGLE) is one of today's best performing low-priced stocks, up 6.8% to $2.04 on 1.1x average daily volume. Eagle Bulk Shipping has traded 444,000 shares thus far today, vs. average volume of 417,000 shares per day. The stock has outperformed the Dow (6.8% to the Dow's -0.4%) and outperformed the S&P 500 (6.8% to the S&P's -0.0%) during today's trading.


In the past 52 weeks, Eagle Bulk Shipping share prices have been bracketed by a low of $1.32 and a high of $11.76 and are now at $2.04, 55% above that low price. Over the past week, the 200-day moving average (MA) has gone down 2.7% while the 50-day MA has declined 1.7%.

Eagle Bulk Shipping (NASDAQ:EGLE) defies analysts with a current price ($2.04) 14.2% above its average consensus price target of $1.75. The stock should hit resistance at its 200-day moving average (MA) of $2.94, as well as support at its 50-day MA of $1.95.

Eagle Bulk Shipping Inc. owns a fleet of dry bulk vessels and transports a range of major and minor bulk cargoes. The Company transports iron ore, coal, grain, cement, and fertilizer along worldwide shipping routes.

SmarTrend is tracking the current trend status for Eagle Bulk Shipping and will alert subscribers who have EGLE in their portfolio or watchlist when shares have changed trend direction.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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