Eaton Corporation's most recent trend suggests a bearish bias. One trading opportunity on Eaton Corporation is a Bear Call Spread using a strike $95.00 short call and a strike $100.00 long call offers a potential 72.41% return on risk over the next 13 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $95.00 by expiration. The full premium credit of $2.10 would be kept by the premium seller. The risk of $2.90 would be incurred if the stock rose above the $100.00 long call 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 down which suggests that the medium-term momentum for Eaton Corporation is bearish.
The RSI indicator is at 36.6 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Eaton Corporation
Eaton (ETN) Down 4.1% Since Last Earnings Report: Can It Rebound?
Thu, 05 Mar 2020 16:30:04 +0000
Eaton (ETN) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
The Zacks Analyst Blog Highlights: BP, Eaton, Manulife Financial, Cardinal Health and Regions Financial
Thu, 05 Mar 2020 12:47:12 +0000
The Zacks Analyst Blog Highlights: BP, Eaton, Manulife Financial, Cardinal Health and Regions Financial
Top Research Reports for BP, Eaton & Manulife
Wed, 04 Mar 2020 20:53:08 +0000
Top Research Reports for BP, Eaton & Manulife
Signify N.V. — Moody's assigns a Baa3 rating to Signify, outlook is stable
Tue, 03 Mar 2020 18:53:09 +0000
Moody's Investors Service, (“Moody's”) assigned a long-term issuer rating of Baa3 to Signify N.V. (Signify). Signify's Baa3 rating balances its leading market positions in conventional and LED lighting business across the value-chain, its strong brand recognition, the group's diversification across different geographies as well as its proven track-record to transform the business from conventional lighting to LED with its current weak profitability compared to other rated manufacturing peers, its limited ability to organically grow its topline due to the downscaling of its very profitable conventional lighting business and a temporarily elevated leverage of approximately 3.8x, following the acquisition of Cooper Lighting Solutions. Cooper's activities are focused on professional lighting, lighting controls, and connected lighting.
Eaton Completes the Sale of its Lighting Business
Mon, 02 Mar 2020 13:37:00 +0000
Eaton (NYSE:ETN) has completed the sale of its Lighting business to Signify N.V.
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