Eaton Corporation (ETN) Offering Possible 11.11% Return Over the Next 16 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 $68.50 short put and a strike $63.50 long put offers a potential 11.11% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $68.50 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 dropped below the $63.50 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 64.69 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Eaton Corporation

Eaton's (ETN) Stable Cash Flow Aids Expansion Program
Thu, 27 Nov 2014 15:30:02 GMT

Experience Eaton’s Solutions that Power Construction and Agriculture at bauma China 2014
Tue, 25 Nov 2014 14:06:48 GMT
noodls – Experience Eaton's Solutions that Power Construction and Agriculture at bauma China 2014 SHANGHAI … Power management company Eaton will showcase the latest solutions that are improving equipment quality, …

Eaton Acts on Survey Results, Shares Tips for Properly Reporting Counterfeit Electrical Products
Tue, 25 Nov 2014 14:04:29 GMT
noodls – PITTSBURGH, PA – Power management company Eaton today announced tips aimed at helping professionals properly report counterfeit electrical products. The tips will assist professionals throughout the electrical …

Coverage initiated on Eaton by RBC Capital Mkts
Tue, 25 Nov 2014 11:38:42 GMT

Will Eaton Vance's Rising Revenues Aid Q4 Earnings Beat?
Fri, 21 Nov 2014 15:10:02 GMT

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