Eagle Bulk Shipping ( EGLE) 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. This stock is trading up 12.4% to $3.16 in recent trading. Today's Range: $2.76-$3.37 52-Week Range: $2.51-$11.00 Volume: 492,000 Three-Month Average Volume: 207,366 From a technical perspective, EGLE is ripping higher here on above average volume, and the stock has briefly flirted with a near-term breakout trade at $3.37. This move is coming after EGLE recently formed a double bottom at around $2.51 to $2.52. At last check, EGLE has hit an intraday high of $3.37 and volume is well above its three-month average action. Traders should now look for long-biased trades if EGLE can manage to sustain a move or close above $3.37 with volume that's near or above 207,366 shares. If we get that action today or soon, then EGLE has a solid chance of re-testing and possibly taking out its next significant overhead resistance levels at $4.28 and its 50-day at $4.68. Keep in mind that long trades should only be consider if EGLE is trending above $3.37 with heavy volume. To see more stocks under-$10 that are making notable moves higher today, check out the Stocks Under-$10 Moving Higher portfolio on Stockpickr. -- Written by Roberto Pedone in Winderemere, Fla.