Eaton Corporation (ETN) Offering Possible 8.7% Return Over the Next 9 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 $67.50 short call and a strike $72.50 long call offers a potential 8.7% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $67.50 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 $72.50 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.

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LATEST NEWS for Eaton Corporation

Eaton Reviews How to Avoid, Recognize Counterfeit Products with Contractor Network
Thu, 07 Aug 2014 17:54:15 GMT
noodls – August 7, 2014 – Eaton today announced it is discussing the dangers posed by counterfeit electrical products with members of the Eaton Certified Contractors Network (ECCN) during a training webinar on …

Eaton Announces Integrated Power Management Solutions Now Certified as VCE Vblock Ready
Thu, 07 Aug 2014 15:12:55 GMT
noodls – Eaton Continues to Provide Innovative Power Management Solutions to Leading Converged Infrastructures RALEIGH, NC – Power management company Eaton today announced that its integrated power management solutions …

Inversion mania: Pressure to invert
Tue, 05 Aug 2014 19:35:00 GMT

Eaton Vance Declares Quarterly Dividend and Authorizes the Repurchase of Up to 8 Million Shares
Tue, 05 Aug 2014 14:43:15 GMT
noodls – Contact: Daniel C. Cataldo 617.672.8952 dcataldo@eatonvance.com FOR IMMEDIATE RELEASE EATON VANCE DECLARES QUARTERLY DIVIDEND AND AUTHORIZES THE REPURCHASE OF UP TO 8 MILLION SHARES Boston, MA, July 9, …

Eaton Vance Closed-End Municipal Bond Funds Fund Data Now Available
Tue, 05 Aug 2014 14:39:58 GMT
noodls – Investor Contact: (800) 262-1122 EATON VANCE CLOSED-END MUNICIPAL BOND FUNDS FUND DATA NOW AVAILABLE BOSTON, MA, July 30, 2014 – Eaton Vance Management today disclosed certain data for the Eaton Vance …

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