Eagle Bulk Shipping Soars

Shares of Eagle Bulk Shipping EGLE are soaring higher this afternoon via a massive breakout. Currently, shares are higher by 10.89%, at $2.75. The stock ripped through the intra-day high (resistance level), $2.68, just moments ago. Shares of Eagle Bulk Shipping have been unloved for quite some time, so this rally could still have some legs. The next major resistance levels are $3.00 and $3.50. Note that EGLE has 11.25% short interest, which could add massive fuel to the fire here. Eagle Bulk Shipping Inc. is engaged primarily in the ocean transportation of a range of major and minor bulk cargoes, including iron ore, coal, grain, cement and fertilizer, along worldwide shipping routes.