Eaton Corporation Offering Possible 17.65% Return Over the Next 11 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 17.65% return on risk over the next 11 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 $0.75 would be kept by the premium seller. The risk of $4.25 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 25.24 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Eaton Corporation

Eaton Announces Live Webcast of February 28, 2014 Analyst Conference
Mon, 10 Feb 2014 20:24:57 GMT
noodls – Date: February 10, 2014 DUBLIN, Ireland… Power management company Eaton (NYSE:ETN) today announced it will host an analyst conference on Friday, February 28, 2014, beginning at 8:30 a.m. United States …

Eaton Announces $54 Million Project to Expand Manufacturing Operations at Three Milwaukee-Area Plants
Mon, 10 Feb 2014 20:24:55 GMT
noodls – Backed with $1.36 million in state tax credits, project expected to create as many as 200 new jobs over two years MADISON, WI. February 10, 2014 – Power management company Eaton today announced a $54 million …

Eaton Announces Live Webcast of February 28, 2014 Analyst Conference
Mon, 10 Feb 2014 13:30:00 GMT

Eaton Announces Live Webcast of February 28, 2014 Analyst Conference
Mon, 10 Feb 2014 13:30:00 GMT
Business Wire – Power management company Eaton today announced it will host an analyst conference on Friday, February 28, 2014, beginning at 8:30 a.m. United States Eastern time and concluding by 1:30 p.m.

Experience Eaton: Hydraulic Innovations that Deliver Impactful Performance in Construction and Mining Operations
Mon, 10 Feb 2014 11:38:22 GMT
noodls – Eaton Features Engineered Solutions and Application Expertise at IFPE 2014 LAS VEGAS … Power management company Eaton will showcase its latest technologies for heavy-duty mobile applications at the 2014 …

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