Dry-bulk shipping companies, such as DryShips and Eagle Bulk, surged Wednesday as the Baltic Dry Index rose for the first time in 2014. The Guggenheim Shipping ETF (NYSEARCA: SEA) gained 0.93 percent to close at $21.78, up approximately 26.0 percent in the past year. The Baltic Dry Index, a measure of costs to ship dry-bulk commodities such as grain, coal and iron ore, increased by 4 points to 1,374. Here is how some shipping stocks reacted Wednesday:

DryShips Inc. (NASDAQ: DRYS) shares traded in the range of $3.70 to $4.00 Wednesday before settling to close at $4.00, an increase of 8.70 percent. The stock appears to be facing some resistance at the $4.16 and $4.99 levels with some support at $3.91. Shares of DryShips have gained approximately 88.0 percent in the past year.

More information on DryShips and access to the free equity report can be found at:
www.WallStreetFundamentals.com/DRYS

Eagle Bulk Shipping Inc. (NASDAQ: EGLE) shares traded in the range of $3.80 to $4.42 Wednesday before settling to close at $4.41, an increase of 19.84 percent. The stock appears to be facing some resistance at the $4.90 and $5.37 levels with some support at $4.02. Shares of Eagle Bulk Shipping have gained approximately 95.0 percent in the past year.

More information on Eagle Bulk Shipping and access to the free equity report can be found at:
www.WallStreetFundamentals.com/EGLE

Genco Shipping & Trading Limited (NYSE: GNK) shares traded in the range of $2.32 to $2.65 Wednesday before settling to close at $2.62, an increase of 13.91 percent. The stock appears to be facing some resistance at the $3.13 and $3.44 levels with some support at $2.48. Shares of Genco Shipping & Trading have fallen approximately 32.0 percent in the past year.

More information on Genco Shipping & Trading and access to the free equity report can be found at:
www.WallStreetFundamentals.com/GNK

Star Bulk Carriers Corp. (NASDAQ: SBLK) shares traded in the range of $12.37 to $13.08 Wednesday before settling to close at $13.02, an increase of 5.43 percent. The stock appears to be facing some resistance at the $13.79 and $15.74 levels with some support at $12.69. Shares of Star Bulk Carriers have gained approximately 76.0 percent in the past year.

More information on Star Bulk Carriers and access to the free equity report can be found at:
www.WallStreetFundamentals.com/SBLK

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