[February 14, 2012] Eagle Bulk Shipping Up 5.4%, Shares Break Through Resistance (EGLE) Tweet Feb 14, 2012 (SmarTrend(R) Spotlight via COMTEX) -- Eagle Bulk Shipping (NASDAQ:EGLE) is one of today's best performing low-priced stocks, up 5.4% to $1.95 on 1.5x average daily volume. Eagle Bulk Shipping has traded 1.2 million shares thus far today, vs. average volume of 792,000 shares per day. The stock has outperformed the Dow (6.5% to the Dow's -0.1%) and outperformed the S&P 500 (6.5% to the S&P's -0.3%) during today's trading. Based on a current price of $1.95, Eagle Bulk Shipping is currently 25.0% above its average consensus analyst price target of $1.46. Eagle Bulk Shipping shares have support at the 200-day moving average (MA) of $1.85 and additional support at the 50-day MA of $1.18. Over the past year, Eagle Bulk Shipping has traded in a range of $0.88 to $4.30 and is now at $1.95, 121% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 1.4% while the 50-day MA has advanced 3.3%. 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 recommended that subscribers consider buying shares of Eagle Bulk Shipping on January 20th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $1.19. Since that recommendation, shares of Eagle Bulk Shipping have risen 53.8%. We continue to monitor EGLE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- 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 [ Back To TMCnet.com's Homepage ]