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

EAGLE BULK SHIPPING INC (EGLE)       49.91   -1.54 (-2.99%)


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Eagle Bulk Shipping, Inc. (NASDAQ: EGLE) momentum breakout alert!6 months ago - Chartmill

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

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.

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EGLE Links

EGLE News

News Imagea month ago - Eagle Bulk Shipping Inc.Eagle Bulk Shipping Inc. Reports Results for the Third Quarter of 2022

STAMFORD, Conn., Nov. 03, 2022 (GLOBE NEWSWIRE) -- Eagle Bulk Shipping Inc. (NASDAQ: EGLE) (“Eagle Bulk,” “Eagle” or the “Company”), one of the world’s...

News Imagea month ago - InvestorPlaceEagle Bulk Shipping Stock Delivers Dividends and Value

Eagle Bulk's large fleet sets the company apart from its peers, and the income-generation potential makes EGLE stock particularly attractive.

News Image2 months ago - Eagle Bulk Shipping Inc.Eagle Bulk Shipping Inc. to Issue Third Quarter 2022 Results and Hold Investor Conference Call

STAMFORD, Conn., Oct. 04, 2022 (GLOBE NEWSWIRE) -- Eagle Bulk Shipping Inc. (Nasdaq: EGLE), one of the world’s largest owner-operators within the midsize...

News Image2 months ago - InvestorPlaceWhy Are Shipping Stocks GNK, EGLE, SBLK, ZIM Up Today?

Shipping stock are trading higher on Friday thanks to an analyst upgrade. That's even as the overall market declines on the day.

News Image2 months ago - Market News VideoTuesday Sector Leaders: Shipping, Restaurants & Eateries

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