Eagle Bulk Shipping Breaks Above 200-Day Moving Average - Bullish for EGLE

In trading on Thursday, shares of Eagle Bulk Shipping Inc (EGLE) 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. The chart below shows the one year performance of EGLE shares, versus its 200 day moving average:

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Eagle Bulk Shipping Inc 200 Day Moving Average Chart

Looking at the chart above, EGLE's low point in its 52 week range is $1.88 per share, with $8.75 as the 52 week high point — that compares with a last trade of $4.39.

According to the ETF Finder at ETF Channel, EGLE makes up 2.12% of the Guggenheim Shipping ETF ( SEA) which is trading relatively unchanged on the day Thursday.

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