Eaton Corporation's most recent trend suggests a bearish bias. One trading opportunity on Eaton Corporation is a Bear Call Spread using a strike $71.50 short call and a strike $76.50 long call offers a potential 16.28% return on risk over the next 3 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $71.50 by expiration. The full premium credit of $0.70 would be kept by the premium seller. The risk of $4.30 would be incurred if the stock rose above the $76.50 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 36.51 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Eaton Corporation
PwrCor Selects Eaton Corporation as Supplier of Key Engine Component
Wed, 12 Dec 2018 14:56:00 +0000
PwrCor, Inc. (PWCO), an advanced technology company focusing on clean, renewable energy solutions for the Waste-Heat-to-Power, Geothermal, and Solar Thermal markets, has engaged Eaton Corporation (ETN) to design and manufacture a key component of PwrCor’s proprietary engine technology. The efficiency advancements resulted as part of PwrCor’s ongoing research and development program conducted at Southwest Research Institute (SwRI) in San Antonio, Texas. The increase in efficiency affords up to 33% additional power output without requiring additional fuel – which in PwrCor’s case is ultra-low-grade heat.
Today's Pickup: Eaton Clutch Defect Leads To International Truck Recall
Tue, 11 Dec 2018 18:18:31 +0000
A defective clutch from Eaton Corporation (NYSE: ETN) has led to the recall of some 20,916 Navistar International Corp (NYSE: NAV) trucks, and could lead to more at other vehicle makers, according to a report. Navistar has issued recalls for 15 products that include the Eaton ECA heavy-duty truck clutch. Navistar said it will notify affected owners and dealers will recalibrate the transmission control module free of charge to fix the issue.
See what the IHS Markit Score report has to say about Eaton Corporation PLC.
Tue, 11 Dec 2018 13:05:05 +0000
To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Hedge Funds Are Buying Eaton Corporation plc (ETN)
Sun, 09 Dec 2018 07:55:37 +0000
Hedge fund managers like David Einhorn, Dan Loeb, or Carl Icahn became billionaires through reaping large profits for their investors, which is why piggybacking their stock picks may provide us with significant returns as well. Many hedge funds, like Paul Singer’s Elliott Management, are pretty secretive, but we can still get some insights by analyzing […]
Brief Commentary On Eaton Corporation plc’s (NYSE:ETN) Fundamentals
Sun, 02 Dec 2018 14:40:34 +0000
Eaton Corporation plc (NYSE:ETN) is a company with exceptional fundamental characteristics. Upon building up an investment case for a stock, we should look at various aspects. In the case of
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