Eaton Corporation (ETN) Offering Possible 9.89% Return Over the Next 12 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 $69.50 short call and a strike $74.50 long call offers a potential 9.89% return on risk over the next 12 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $69.50 by expiration. The full premium credit of $0.45 would be kept by the premium seller. The risk of $4.55 would be incurred if the stock rose above the $74.50 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 at 48.59 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

Bharti Airtel to sell over 3,500 African telecom towers to Eaton
Mon, 08 Sep 2014 13:04:04 GMT

Pro sticking with survival stock picks
Mon, 08 Sep 2014 12:19:00 GMT

Airtel to sell, lease back telecom towers in Africa
Mon, 08 Sep 2014 08:22:12 GMT

Eaton to Participate in the Morgan Stanley Industrials & Autos Conference September 15, 2014
Thu, 04 Sep 2014 12:30:00 GMT
Business Wire – Power management company Eaton today announced that Richard H. Fearon, Eaton vice chairman and chief financial and planning officer, will participate in the Morgan Stanley Industrials & Autos Conference in Laguna Beach, Calif.

Ciena, VeriFone Payments Present Earnings, Cramer’s Power Play
Thu, 04 Sep 2014 11:58:00 GMT

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