Eaton Corporation (ETN) Offering Possible 5.26% Return Over the Next 32 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 $70.00 short call and a strike $75.00 long call offers a potential 5.26% return on risk over the next 32 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $70.00 by expiration. The full premium credit of $0.25 would be kept by the premium seller. The risk of $4.75 would be incurred if the stock rose above the $75.00 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 33.56 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

5 Trade Ideas for Monday: Alexion Pharmaceutical, Express Scripts, Eaton, 3M and PVH
Sun, 14 Dec 2014 13:30:25 GMT

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

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