Eaton Corporation (ETN) Offering Possible 26.58% Return Over the Next 29 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 $62.50 short put and a strike $57.50 long put offers a potential 26.58% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $62.50 by expiration. The full premium credit of $1.05 would be kept by the premium seller. The risk of $3.95 would be incurred if the stock dropped below the $57.50 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 at 48.95 level which suggests that the stock is neither overbought nor oversold at this time.

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

Tax Inversion Lobbying Booms as Corporations Fight Obama
Tue, 21 Oct 2014 19:18:56 GMT

Eaton Quarterly Dividend Payable November 28, 2014
Tue, 21 Oct 2014 17:00:00 GMT

Eaton Quarterly Dividend Payable November 28, 2014
Tue, 21 Oct 2014 17:00:00 GMT
Business Wire – The Board of Directors of power management company Eaton today declared a quarterly dividend of $0.49 per ordinary share payable November 28, 2014 to shareholders of rec

Aviation suppliers feast on industry backlogs, air travel growth
Fri, 17 Oct 2014 20:49:39 GMT

One Factor Driving Eaton (ETN) Stock Up Today
Tue, 14 Oct 2014 15:29:00 GMT

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