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 6.38% return on risk over the next 29 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 $0.30 would be kept by the premium seller. The risk of $4.70 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 51.62 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Eaton Corporation
Why Eaton Corporation Might Be a Powerful Opportunity
Fri, 21 Feb 2014 15:15:58 GMT
Eaton Highlights Customers’ Successes with New X20 Challenge
Fri, 21 Feb 2014 13:31:58 GMT
noodls – EDEN PRAIRE, MINN. … Power management company Eaton today announced the X20 Challenge, encouraging the company's customers to submit success stories highlighting where Eaton's X20 portfolio of piston pumps …
Eaton Named Among the Best Employers in Argentina by Apertura Magazine
Thu, 20 Feb 2014 21:00:36 GMT
noodls – Date: February 20, 2014 PITTSBURGH … Power management company Eaton today announced that it was recently recognized as one of the Best Employers in Argentina for 2013. Eaton ranked 32nd out of the best …
U.S. companies ramp up capex as confidence grows
Thu, 20 Feb 2014 19:32:33 GMT
Reuters – Earlier this month, Eaton Corp Plc (ETN) made an announcement that captured little attention: the diversified manufacturer of heavy truck transmissions and residential circuit breakers said it would spend a record $700 million this year on tooling and machinery. The biggest U.S. companies are poised to surprise investors this year with how much they are planning to dig into their massive cash stock piles and invest in big projects. Now they're starting to see a pickup in the economy, and they're starting to loosen the purse strings,” said Jeffrey Saut, chief investment strategist at Raymond James Financial in St. Petersburg, Florida. The average capital expenditure for the year is about $1.71 billion, according to the Thomson Reuters data.
Eaton Announces Support for Next Generation Medium and Heavy-Duty Vehicle Fuel Efficiency Standards
Wed, 19 Feb 2014 19:49:50 GMT
noodls – WASHINGTON, D.C. … Power management company Eaton today announced its support of new deadlines on national fuel economy and greenhouse gas emission standards for medium and heavy-duty vehicles, including …
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