i am adding EGLE as an active long as it is breaking out as it type (current price 3.54). although this pattern looks good, i do believe the odds for fake-outs (false breakouts) are very high at this point so i would consider a stop on any move back below that resistance line (3.48), which only gives this trade a 7 cent downside). the shippers are the kings of momentum stocks and once the momo players decide it is time to get in, they can move very fast. therefore, this trade, along with the DRYS long setup, is for aggressive traders only.
