Eaton Corporation (ETN) Offering Possible 8.7% Return Over the Next 30 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 8.7% return on risk over the next 30 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 $0.40 would be kept by the premium seller. The risk of $4.60 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 42.45 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Eaton Corporation

Eaton Ranks Among the World’s Most Ethical Companies for the Eighth Consecutive Year in 2014
Thu, 20 Mar 2014 14:07:54 GMT
noodls – Eaton Ranks Among the World's Most Ethical Companies for the Eighth Consecutive Year in 2014 CLEVELAND … Power management company Eaton (NYSE:ETN) has been recognized by the Ethisphere Institute as one …

Eaton Ranks Among the World’s Most Ethical Companies for the Eighth Consecutive Year in 2014
Thu, 20 Mar 2014 13:05:00 GMT
Business Wire – Power management company Eaton has been recognized by the Ethisphere Institute as one of the World’s Most Ethical Companies for the eighth consecutive year.

Eaton strengthens global access to DuraForce™ Technology
Wed, 19 Mar 2014 12:34:13 GMT
noodls – CLEVELAND … Power management company Eaton today announced it has extended its current alliance with Linde Hydraulics to ensure the long-term availability of its DuraForce™ family of piston pumps and motors. …

Jim Cramer: The Danger of Snapback Rallies
Tue, 18 Mar 2014 14:02:00 GMT

Eaton Valvetrain Expert Speaks at International Engine Congress in Germany
Tue, 18 Mar 2014 09:34:30 GMT
noodls – about Engines of the Future Engines of the Future Majo Cecur, engineering manager for Eaton's Valvetrain business unit in Torino, Italy, was a featured speaker at the first International Engine Congress …

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