Eagle Bulk Shipping, Inc. EGLE
We caught sight of a stock that’s been building a cherry of a chart in the form of a nice bottom-bounce, the momentum from which it has sustained over the past four sessions.
We went ahead and pointed out a few highlights on the chart below. Despite already being up considerably above recent lows, a number of indicators still give us a bullish feeling on EGLE at the moment. We’ll be looking for a break of key resistance at the current 50DMA of .83. As you can see, the stock has demonstrated high month-to-month volatility, and recently made a brief but impressive swing into the three-dollar range.
We’ll keep the play on our radar in coming sessions as a return to much higher levels seems perfectly plausible at the present time.
PBR Options Recap
Before we jump into the fresh ideas we’ve worked out for today, we just want to take a second to go over the gains possible from one of Friday’s options calls. We said we wanted to track the PBR Weekly $5-6 Calls, and it was the 5.50’s that performed the best for the day.
We saw those contracts trade up from a low of .18 and reach .32 for a solid chance at up to 78% profits for the session.
Strikeforce Technology, Inc. SFOR
We also want to recap the excellent performance we’ve seen from SFOR in the seven sessions since our initial alert on the stock in our premarket report from March 31st. On that day, we witnessed a low of .0007, and the stock hasn’t looked back yet.
On Friday alone, the stock made a healthy 80% intraday rip from a low of .001-.0018. That high also registered as a 157% overall upswing over our observed low.
Extended Watchlist:
TALK, MLCG, CGRW, CANN, LIFE, GALE