Eaton Corporation (ETN) Offering Possible 5.26% Return Over the Next 33 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 33 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 62.64 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Eaton Corporation

Launch of Eaton Vance Global Macro Capital Opportunities Fund
Wed, 12 Nov 2014 10:46:59 GMT
noodls – Media Contact: Colleen Lavery-617.672.8995 clavery@eatonvance.com BOSTON, November 3, 2014 -Eaton Vance Management (Eaton Vance), a subsidiary of Eaton Vance Corp (NYSE:EV), today announced the launch …

[$$] Eaton Vance Shares Jump on SEC Nod for New Fund
Fri, 07 Nov 2014 20:25:38 GMT

LED Lighting Shines As Bright Spot For Acuity Brands
Wed, 05 Nov 2014 20:48:00 GMT

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.

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