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Eagle Bulk Shipping Inc. Message Board

  • justasklee justasklee May 17, 2013 7:59 AM Flag

    Harry Boxer's Charts of the Day

    Harry has posted a Charts of the Day video on EGLE at TheTechTrader site noting: Eagle Bulk Shipping, Inc. (EGLE) also had a monstrous day on Thursday. It was the percent-gain leader for the day, up 54%. This stock, which is in a basing pattern, with kind of a left shoulder-head-right shoulder, broke through the neckline with a breakaway gap on Thursday, and reached the top of the short-term channel by reaching 5.93. It backed off to close at 5.48, up 1.92, on 12.7 million shares. That may be the largest volume this stock has ever seen. Now, if it stalls, or consolidates, or pulls back, there could be an opportunity in here. But the bottom line is that if it blows through, this stock could see 8 1/2 on the next move.

7.80-0.90(-10.34%)Aug 30 4:00 PMEDT