Eaton Corporation (ETN) Offering Possible 8.7% Return Over the Next 29 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 $75.00 short call and a strike $80.00 long call offers a potential 8.7% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $75.00 by expiration. The full premium credit of $0.40 would be kept by the premium seller. The risk of $4.60 would be incurred if the stock rose above the $80.00 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 below 20 which suggests that the stock is in oversold territory.

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 Corp. Plc – Value Analysis (NYSE:ETN) : August 15, 2017
Tue, 15 Aug 2017 21:47:17 +0000
Categories: Fundamental Analysis Yahoo FinanceClick here to see latest analysis Capitalcube gives Eaton Corp. Plc a score of 38. Our analysis is based on comparing Eaton Corp. Plc with the following peers – A. O. Smith Corporation, Emerson Electric Co., Nidec Corporation Sponsored ADR and Regal Beloit Corp (AOS-US, EMR-US, NJDCY-US and RBC-US). Investment Outlook Eaton Corp. Plc has … Read more
(Read more…)

How to invest in the rally
Mon, 14 Aug 2017 18:10:00 +0000
Jack Ablin, BMO Private Bank, and Jordan Posner, Matrix Asset Advisors, discuss the market reaction to current events and what could happen to the rally going forward.

See what the IHS Markit Score report has to say about Eaton Corporation PLC.
Mon, 14 Aug 2017 12:06:35 +0000
The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Index (PMI) data, output in the Industrials sector is rising.

Edited Transcript of ETN earnings conference call or presentation 1-Aug-17 2:00pm GMT
Sun, 13 Aug 2017 01:55:55 +0000
Q2 2017 Eaton Corporation PLC Earnings Call

IHS Markit Score Update: Rise in demand for ETFs holding Eaton Corporation PLC is a positive for its shares
Fri, 11 Aug 2017 12:07:30 +0000
The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Index (PMI) data, output in the Industrials sector is rising.

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