Eaton Corporation (ETN) Offering Possible 7.53% Return Over the Next 24 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 $70.00 short put and a strike $65.00 long put offers a potential 7.53% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $70.00 by expiration. The full premium credit of $0.35 would be kept by the premium seller. The risk of $4.65 would be incurred if the stock dropped below the $65.00 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 41.08 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

Safran hit by defence equipment delays, U.S. weather
Wed, 23 Apr 2014 14:26:04 GMT
Reuters – * French group still interested in Avio Spazio (Adds analyst, Boeing earnings, GE comparison) PARIS, April 23 (Reuters) – France's Safran rattled investors with first-quarter aerospace revenue hampered by pressures ranging from delayed deliveries of defence equipment to weaker helicopter sales and cold weather in North America. The aerospace, defence and security group stood by an upbeat forecast for the commercial aviation sector, driven by emerging-market demand, and maintained a 2014 revenue target despite a strong euro. Overall revenue at the maker of products ranging from jet engines to ‘green' taxiing systems and from precision bombs and bomb detectors, rose 3.3 percent to 3.443 billion euros, compared with market expectations of about 3.6 billion.

Safran CEO sees strong civil market, declines comment on mandate
Wed, 23 Apr 2014 06:07:04 GMT

Eaton Quarterly Dividend Payable May 23, 2014
Tue, 22 Apr 2014 15:00:00 GMT

Eaton Quarterly Dividend Payable May 23, 2014
Tue, 22 Apr 2014 15:00:00 GMT
Business Wire – The Board of Directors of power management company Eaton today declared a quarterly dividend of $0.49 per ordinary share payable May 23, 2014 to shareholders of record a

GM Passed on Ignition-Switch Fix in 2001, Advocates Say
Wed, 16 Apr 2014 13:38:21 GMT

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