Eaton Corporation (ETN) Offering Possible 7.53% Return Over the Next 8 Calendar Days

Eaton Corporation's most recent trend suggests a bullish bias. One trading opportunity on Eaton Corporation is a Bull Put Spread using a strike $67.00 short put and a strike $62.00 long put offers a potential 7.53% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $67.00 by expiration. The full premium credit of $0.35 would be kept by the premium seller. The risk of $4.65 would be incurred if the stock dropped below the $62.00 long put strike price.

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

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

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

EATON CORP PLC Financials
Fri, 08 Aug 2014 17:04:10 GMT

Eaton Reviews How to Avoid, Recognize Counterfeit Products with Contractor Network
Thu, 07 Aug 2014 17:54:15 GMT
noodls – August 7, 2014 – Eaton today announced it is discussing the dangers posed by counterfeit electrical products with members of the Eaton Certified Contractors Network (ECCN) during a training webinar on …

Eaton Announces Integrated Power Management Solutions Now Certified as VCE Vblock Ready
Thu, 07 Aug 2014 15:12:55 GMT
noodls – Eaton Continues to Provide Innovative Power Management Solutions to Leading Converged Infrastructures RALEIGH, NC – Power management company Eaton today announced that its integrated power management solutions …

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, …

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