Eagle Bulk Shipping Inc (EGLE)

These under-$10 stocks are within range of triggering big breakout trades.

- Transaction Includes Approximately $105M in Incremental Liquidity -

With small-cap stocks taking a beating this month, some of the worst performers include companies in the shipping, biotech and, of course, energy sectors.

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100.

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100.

TheStreet Quant Ratings provides fair and objective information to help you make educated investing decisions. We rate over 4,300 stocks daily and provide 5-page PDF reports for each stock. These ratings can change daily and today's changes are reflected in the email below. If you are looking to check-up on the stocks you currently own or are looking for new ideas, you can find our full database of password-protected ratings reports in our proprietary ratings screener: http://www.thestreet.com/k/qr/flat/stock-screener.html Upgrades: EEI, FSRV, HRG, HRC, MSG, MTH, OLED, PDFS, PME, RMBS, TSYS Downgrades: ALJ, CEQP, CIA, LMNX, MWA, OHAI, SVVC Initiations: EGLE, LEU, MIK, NETE Read on to get TheStreet Quant Ratings' detailed report:

TheStreet highlights 3 stocks that pushed the Transportation industry

-- Approximately $1 Billion Reduction in Debt --

TheStreet highlights 3 stocks pushing the Transportation industry lower today.

Eagle Bulk Shipping (EGLE) stock is rising after the company announced its plan to reduce its debt by $975 million.

-- Company Executes Restructuring Support Agreement and Files Prepackaged Plan of Reorganization for Parent with Overwhelming Lender Support --

Eagle Bulk Shipping (EGLE) hit a 52-week low of $1.81 a share Tuesday on heavy trading volume.

NewLead Holdings (NEWL) stock is extending its rally through to Tuesday's session. By market open, shares had surged 24.6% to $2.45.

Eagle Bulk Shipping (EGLE) is moving higher on Wednesday after announcing it has been granted an extension to its waiver and forbearance agreements.

Eagle Bulk Shipping (EGLE) dropped on Friday on heavy volume. On March 31, the company filed a Form 10-K in which it warned investors of an upcoming restructuring scheduled to be agreed upon by April 15. This move should significantly dilute existing shareholders and reduce Eagle Bulk's share price. The company's management also expressed significant doubt in its ability to continue as a going concern if the company cannot agree to restructuring terms with lenders.

These heavily shorted stocks could get squeezed higher on any positive catalyst.

In trading on Thursday, shares of Eagle Bulk Shipping Inc crossed above their 200 day moving average of $4.42, changing hands as high as $4.45 per share. Eagle Bulk Shipping Inc shares are currently trading up about 7.8% on the day.

Dry-bulk shipping stocks FreeSeas (FREE), Eagle Bulk (EGLE), DryShips (DRYS) and Navios Maritime (NM) enjoyed much-needed gains on Wednesday.