Eaton Corporation (ETN) Offering Possible 5.26% Return Over the Next 6 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 $76.00 short call and a strike $81.00 long call offers a potential 5.26% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $76.00 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 $81.00 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 46.12 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Eaton Corporation

Eaton Corp. Plc breached its 50 day moving average in a Bearish Manner : ETN-US : June 8, 2017
Thu, 08 Jun 2017 12:29:09 +0000
Categories: ETFs Yahoo FinanceGet full CapitalCube analysis *Disclaimer : This is as of previous day’s closing price. Technical Indicators Below is a quick look at 5 technical indicators for Eaton Corp. Plc. More studies are available on the Technical Chart. Indicator Signal Closing Price above/below 50 Day Moving Average Bearish Closing Price above/below 200 Day Moving Average Bullish … Read more
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ETFs with exposure to Eaton Corp. Plc : May 22, 2017
Mon, 22 May 2017 17:37:47 +0000
Categories: ETFs Yahoo FinanceClick here to see latest analysis ETFs with exposure to Eaton Corp. Plc Here are 5 ETFs with the largest exposure to ETN-US. Comparing the performance and risk of Eaton Corp. Plc with the ETFs that have exposure to it gives us some ETF choices that could give us similar returns with lower volatility. Ticker … Read more
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Rexnord's Q4 & View Impressive, Near-Term Risks Prevail
Mon, 22 May 2017 12:52:12 +0000
We issued an updated research report on Rexnord Corporation (RXN) on May 22, 2017.

Rexnord (RXN) Tops Q4 Earnings & Sales, Provides FY18 View
Thu, 18 May 2017 11:51:11 +0000
Rexnord Corporation's (RXN) adjusted earnings of 35 cents per share for fourth-quarter fiscal 2017 (ended Mar 31, 2017) were above the Zacks Consensus Estimate of 33 cents, while fell 5.4% year over year.

Post Earnings Coverage as Eaton's Earnings Grew 9%; Raised Earnings Outlook
Tue, 16 May 2017 12:15:00 +0000
Upcoming AWS Coverage on Curtiss-Wright Post-Earnings Results LONDON, UK / ACCESSWIRE / May 16, 2017 / Active Wall St. announces its post-earnings coverage on Eaton Corp. PLC (NYSE: ETN ). The Company …

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