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

10 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)

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.

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EGLE Links

EGLE News

3 days ago - Seeking AlphaEagle Bulk Shipping slides after filing for $750M mixed shelf (NYSE:EGLE)

Eagle Bulk Shipping (EGLE) filed for a $750M mixed shelf of common and preferred stock, debt securities, warrants and purchase contracts offered by shareholder Oaktree Capital Management.

9 days ago - MarketBeat3 Small-Cap Stocks That Offer Big Dividends

Dividend stocks are a solid choice in bear markets. Here are three small-cap stocks that offer attractive dividend yields above the industry average

a month ago - Market News VideoNoteworthy Friday Option Activity: EGLE, PCT, V

a month ago - Seeking AlphaHot Stocks: AAPL rises on analyst comment; AVGO, EGLE move on earnings; BMBL drops

AAPL rose on analyst comment. AVGO climbed on earnings news, while quarterly results sent EGLE lower. BMBL dropped on a secondary share offering.

a month ago - The Motley FoolWhy Eagle Bulk Shipping Stock Is Sinking Today

Results fell short of expectations.

a month ago - Seeking AlphaEagle Bulk Shipping sinks after Q4 earnings miss, dividend cut (NYSE:EGLE)

Eagle Bulk Shipping (EGLE) -14.1% in Friday's trading after posting a wide miss on Q4 adjusted earnings and announcing a quarterly dividend cut to $0.60/share from $1.80 previously

a month ago - Seeking AlphaEagle Bulk Shipping Non-GAAP EPS of $2.28 misses by $0.76, revenue of $151.44M beats by $34.45M (NYSE:EGLE)

Eagle Bulk Shipping press release (EGLE): Q4 Non-GAAP EPS of $2.28 misses by $0.76.Revenue of $151.44M (-18.0% Y/Y) beats by $34.45M.Achieved TCE of $22,062/day based on TCE...

a month ago - Eagle Bulk Shipping Inc.Eagle Bulk Shipping Inc. Reports Fourth Quarter 2022 Results

Reports Record Full Year Net Income of $248 million...

a month ago - Investor's Business DailyEagle Bulk Stock Set To Bounce As Ukraine War Shipments Ease?

The upgraded 81 RS Rating puts Eagle Bulk stock among the top 20% of all stocks in terms of price performance.

2 months ago - Eagle Bulk Shipping Inc.Eagle Bulk Shipping Inc. to Issue Fourth Quarter 2022 Results and Hold Investor Conference Call

STAMFORD, Conn., Jan. 24, 2023 (GLOBE NEWSWIRE) -- Eagle Bulk Shipping Inc. (NYSE: EGLE) (“Eagle Bulk”, “Eagle”, or the “Company”), one of the world’s...

2 months ago - Eagle Bulk Shipping Inc.Eagle Bulk Shipping Inc. Appoints Kate Blankenship to Board of Directors

STAMFORD, Conn., Jan. 19, 2023 (GLOBE NEWSWIRE) -- Eagle Bulk Shipping Inc. (NYSE: EGLE) (“Eagle Bulk”, “Eagle”, or the “Company”), one of the world’s...

3 months ago - Seeking AlphaEagle Bulk Shipping buys Ultramax bulkcarrier for $24.3M (NYSE:EGLE)

Eagle Bulk Shipping (EGLE) has acquired a 2015-built Ultramax bulkcarrier for $24.3M.The vessel, which was constructed at the Chengxi Shipyard Co., Ltd., will be renamed the M/V...