Eaton Corporation (ETN) Offering Possible 13.64% Return Over the Next 17 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 $61.00 short call and a strike $66.00 long call offers a potential 13.64% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $61.00 by expiration. The full premium credit of $0.60 would be kept by the premium seller. The risk of $4.40 would be incurred if the stock rose above the $66.00 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 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

David Weekley Homes Presents Eaton with Prestigious “Partners of Choice” Award for Eighth Year
Mon, 03 Aug 2015 21:36:08 GMT
noodls – David Weekley Homes Presents Eaton with Prestigious ‘Partners of Choice' Award for Eighth Year PITTSBURGH, PA – Power management company Eaton today announced it earned the nationally acclaimed Partners …

Eaton Helps Educational Facilities Avoid Counterfeit Electrical Products with Summer Safety Checklist
Mon, 03 Aug 2015 12:44:01 GMT
noodls – PITTSBURGH … Power management company Eaton today announced a summer safety checklist for educational institutions, aimed at helping electrical professionals maintain a safe environment by avoiding counterfeit …

Eaton Vance Announces Upcoming Retirement of Susan Schiff, CFA
Mon, 03 Aug 2015 12:14:08 GMT
noodls – Microsoft Word – SueSchiffRetirementPressRelease_July2015_Final.docx Media Contact: Colleen Lavery – 617.672.8995 clavery@eatonvance.com BOSTON, July 31, 2015 – Eaton Vance Management (EVM), a subsidiary …

EATON CORP PLC Financials
Sat, 01 Aug 2015 17:04:10 GMT

CEO: This is the crude oil bottom
Fri, 31 Jul 2015 23:00:00 GMT

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