Eaton Corporation (ETN) Offering Possible 8.7% Return Over the Next 19 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 $75.00 short call and a strike $80.00 long call offers a potential 8.7% return on risk over the next 19 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $75.00 by expiration. The full premium credit of $0.40 would be kept by the premium seller. The risk of $4.60 would be incurred if the stock rose above the $80.00 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 55.53 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Eaton Corporation

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Wed, 28 May 2014 06:21:29 GMT

Luis Manuel Ramirez, the President and CEO of Global Power Equipment Group Inc. (GLPW), Interviews with The Wall Street Transcript
Tue, 27 May 2014 16:09:00 GMT

Eaton: Double Digit EPS Growth Is Expected
Fri, 23 May 2014 14:16:49 GMT

Trucking companies boost orders with rising cargo rates, Bloomberg says
Thu, 15 May 2014 15:49:02 GMT

Eaton to Participate in the Electrical Products Group Conference on May 20, 2014
Mon, 12 May 2014 12:30:00 GMT
Business Wire – Power management company Eaton today announced that Alexander M. Cutler, Eaton chairman and chief executive officer, will participate in the Electrical Products Group Conference in Longboat Key, Fla., on Tuesday, May 20, 2014.

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