Eagle Bulk Shipping, Inc. (NASDAQ: EGLE) momentum breakout alert!

TRADING IDEA

Eagle Bulk Shipping, Inc. is a holding company, which engages in the ocean transportation of a broad range of dry bulk cargoes worldwide through the ownership, charter, and operation of dry bulk vessels. Read the full profile here.

STRATEGY

Momentum Breakout Setup (Short term)

1. clean breakout during last trading session (+4.4%)
2. heavily increased buying volume
3. closing price higher than $72.6 (latest resistance)
   

Last earnings: 2022-05-05

Next earnings: 2022-08-03

ACTUAL SETUP

• Buy Stop | $73.42
• Limit | $73.60
• Stoploss | $68.66
• Target | Hold between 2 - 5 days
  
  

STOCK SCREENING SETTINGS

Through this link you can check the other stocks that were also withheld with the same screen filter (2022-05-31 EOD).

ADDITIONAL INFO/TIPS

• Use our ChartMill Postion Sizing Tool to calculate the maximum number of shares you can buy, depending on your available capital!
• Why using Stop Limit Orders?

Disclaimer: These trading ideas are merely to demonstrate what ChartMill is capable of and shows some typical results of a breakout filter. It is in no way actual financial advise to invest or trade in these stocks. The author has no pre-existing position in any of these stocks.