Eaton Corporation (ETN) Offering Possible 23.46% Return Over the Next 6 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 $80.50 short call and a strike $85.50 long call offers a potential 23.46% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $80.50 by expiration. The full premium credit of $0.95 would be kept by the premium seller. The risk of $4.05 would be incurred if the stock rose above the $85.50 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 at 52.45 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Eaton Corporation

Edited Transcript of ETN earnings conference call or presentation 30-Apr-20 3:00pm GMT
Mon, 04 May 2020 15:49:07 +0000
Q1 2020 Eaton Corporation PLC Earnings Call

Eaton Corporation PLC (ETN) Q1 2020 Earnings Call Transcript
Fri, 01 May 2020 03:31:17 +0000
ETN earnings call for the period ending March 31, 2020.

Eaton's (ETN) Q1 Earnings Beat Estimates, Revenues Miss
Thu, 30 Apr 2020 18:08:06 +0000
Eaton's (ETN) first-quarter earnings surpass estimates. The company withdraws its earnings guidance for 2020 due to prevailing global economic uncertainty.

Eaton (ETN) Q1 Earnings Beat Estimates
Thu, 30 Apr 2020 11:55:11 +0000
Eaton (ETN) delivered earnings and revenue surprises of 2.83% and -0.08%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

Eaton Reports First Quarter Earnings Per Share of $1.07
Thu, 30 Apr 2020 10:30:00 +0000
Power management company Eaton Corporation plc (NYSE:ETN) today announced that earnings per share were $1.07 for the first quarter of 2020. Excluding charges of $0.02 per share related to acquisitions and divestitures, adjusted earnings per share were $1.09. Adjusted earnings per share were reduced by $0.14 due to the impact of the COVID-19 pandemic.

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