Eaton Corporation (ETN) Offering Possible 11.11% Return Over the Next 10 Calendar Days

Eaton Corporation's most recent trend suggests a bearish bias. One trading opportunity on Eaton Corporation is a Bear Call Spread using a strike $67.50 short call and a strike $72.50 long call offers a potential 11.11% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $67.50 by expiration. The full premium credit of $0.50 would be kept by the premium seller. The risk of $4.50 would be incurred if the stock rose above the $72.50 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Eaton Corporation is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Eaton Corporation is bearish.

The RSI indicator is below 20 which suggests that the stock is in oversold territory.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Eaton Corporation

Cramer: What the Industrials Need
Thu, 07 Aug 2014 10:38:00 GMT

Inversion mania: Pressure to invert
Tue, 05 Aug 2014 19:35:00 GMT

Eaton Vance Declares Quarterly Dividend and Authorizes the Repurchase of Up to 8 Million Shares
Tue, 05 Aug 2014 14:43:15 GMT
noodls – Contact: Daniel C. Cataldo 617.672.8952 dcataldo@eatonvance.com FOR IMMEDIATE RELEASE EATON VANCE DECLARES QUARTERLY DIVIDEND AND AUTHORIZES THE REPURCHASE OF UP TO 8 MILLION SHARES Boston, MA, July 9, …

Eaton Vance Closed-End Municipal Bond Funds Fund Data Now Available
Tue, 05 Aug 2014 14:39:58 GMT
noodls – Investor Contact: (800) 262-1122 EATON VANCE CLOSED-END MUNICIPAL BOND FUNDS FUND DATA NOW AVAILABLE BOSTON, MA, July 30, 2014 – Eaton Vance Management today disclosed certain data for the Eaton Vance …

Industrial Supplier Implements Scalable IT Infrastructure as Part of Aggressive Acquisition Strategy
Tue, 05 Aug 2014 13:50:00 GMT
Accesswire – WHITEFISH, MT / August 5, 2014 / Sterling Consolidated Corp. (OTCQB: STCC), as its name would suggest, employs a growth strategy primarily focused on acquiring other businesses. With proper management, …

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