Eaton Corporation (ETN) Offering Possible 19.05% Return Over the Next 18 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 $67.00 short put and a strike $62.00 long put offers a potential 19.05% return on risk over the next 18 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $67.00 by expiration. The full premium credit of $0.80 would be kept by the premium seller. The risk of $4.20 would be incurred if the stock dropped below the $62.00 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 79.25 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

Eaton to Participate in the Goldman Sachs Industrials Conference November 12, 2014
Tue, 04 Nov 2014 13:30:00 GMT

Eaton to Participate in the Goldman Sachs Industrials Conference November 12, 2014
Tue, 04 Nov 2014 13:30:00 GMT
Business Wire – Power management company Eaton today announced that Alexander M. Cutler, Eaton chairman and chief executive officer, will participate in the Goldman Sachs Industrials Conference in Boston on Wednesday, November 12, 2014.

EATON CORP PLC Files SEC form 10-Q, Quarterly Report
Fri, 31 Oct 2014 16:40:44 GMT

Eaton (ETN) Earnings Report: Q3 2014 Conference Call Transcript
Thu, 30 Oct 2014 18:03:00 GMT

Company News for October 30, 2014
Thu, 30 Oct 2014 13:44:52 GMT

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