Eaton Corporation (ETN) Offering Possible 13.64% Return Over the Next 13 Calendar Days

This article was originally published on this site

Eaton Corporation’s most recent trend suggests a bullish bias. One trading opportunity on Eaton Corporation is a Bull Put Spread using a strike $84.00 short put and a strike $79.00 long put offers a potential 13.64% return on risk over the next 13 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $84.00 by expiration. The full premium credit of $0.60 would be kept by the premium seller. The risk of $4.40 would be incurred if the stock dropped below the $79.00 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 74.19 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

Why Is Eaton (ETN) Up 1.5% Since Last Earnings Report?
Thu, 30 Aug 2018 14:46:02 +0000
Eaton (ETN) reported earnings 30 days ago. What’s next for the stock? We take a look at earnings estimates for some clues.

Arbitration Decision to Impact Eaton’s (ETN) Q3 Earnings
Thu, 30 Aug 2018 14:00:02 +0000
Eaton’s (ETN) third-quarter earnings are expected to be impacted by 47 cents due to an arbitration award.

See what the IHS Markit Score report has to say about Eaton Corporation PLC.
Thu, 30 Aug 2018 12:04:25 +0000
Eaton Corporation PLC NYSE:ETN

Eaton Receives Arbitration Decision Related to Legacy Cooper Business
Wed, 29 Aug 2018 20:30:00 +0000
Power management company Eaton (ETN) announced that certain subsidiaries it acquired in the 2012 acquisition of Cooper Industries have been ordered to pay $293 million by an arbitration panel. The panel’s award, issued on August 23, 2018, is related to claims brought by Pepsi-Cola Metropolitan Bottling Company, Inc. (“Pepsi”). As Eaton previously disclosed, the dispute related to Pepsi’s claims that it was harmed by a 2011 settlement agreement that resolved litigation Pneumo Abex, LLC had previously brought against various Cooper entities.

3 Growth Stocks for the Long Term
Tue, 28 Aug 2018 19:17:00 +0000
Buy and hold these long-term winners.

Be Sociable, Share!

Related Posts