My final breakout trading prospect is Eagle Bulk Shipping ( EGLE), whose business activities include 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 has been ramping huge to the upside so far in 2013, with shares up by 163%. >>3 Stocks Rising on Big Volume If you look at the chart for Eagle Bulk Shipping, you'll notice that this stock has been trending sideways inside of a consolidation chart pattern for over the last two months and change, with shares moving between $3.10 on the downside and $4.39 on the upside. Shares of EGLE have now started to bounce strongly right off its 50-day moving average of $3.69 a share, and that move is quickly pushing EGLE within range of triggering a big breakout trade. Traders should now look for long-biased trades in EGLE if it manages to break out above some near-term overhead resistance levels at $4.08 to $4.39 a share with high volume. Look for a sustained move or close above those levels with volume that hits near or above its three-month average action of 760,091 shares. If that breakout triggers soon, then EGLE will set up to re-test or possibly take out its 52-week high at $5.96 a share. Any high-volume move above $5.96 will then give EGLE a chance to tag $7 to $8 a share. Traders can look to buy EGLE off any weakness to anticipate that breakout and simply use a stop that sits right below some key near-term support at $3.30 a share, or below $3.10 a share. One could also buy EGLE off strength once it clears those breakout levels with volume and then simply use a stop that sits a conformable percentage from your entry point. This stock is very popular among the short-sellers, since the current short interest as a percentage of the float for EGLE is extremely high at 17.3%. If that breakout hits soon, then EGLE could easily explode sharply higher as the bears rush to cover some of their short bets. To see more breakout candidates, check out the Breakout Stocks of the Week portfolio on Stockpickr. -- Written by Roberto Pedone in Delafield, Wis.