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)
- clean breakout during last trading session (+4.4%)
- heavily increased buying volume
- 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.