Eaton Corporation (ETN) Offering Possible 28.21% Return Over the Next 17 Calendar Days

This article was originally published on this site

Eaton Corporation’s most recent trend suggests a bearish bias. One trading opportunity on Eaton Corporation is a Bear Call Spread using a strike $86.50 short call and a strike $91.50 long call offers a potential 28.21% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $86.50 by expiration. The full premium credit of $1.10 would be kept by the premium seller. The risk of $3.90 would be incurred if the stock rose above the $91.50 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 29.22 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

Edited Transcript of ETN.N earnings conference call or presentation 30-Apr-20 3:00pm GMT
Thu, 25 Jun 2020 00:44:31 +0000
Q1 2020 Eaton Corporation PLC Earnings Call

3 Top Stocks With High Dividend Yields
Tue, 16 Jun 2020 11:15:00 +0000
With current dividend yields in excess of 3%, these stocks look like a good value for dividend-seeking investors.

Eaton Ranks on 2020 Top 50 Employers List by Woman Engineer Magazine
Mon, 15 Jun 2020 20:30:00 +0000
Power management company Eaton has earned a spot on the 29th annual Top 50 Employers list by Woman Engineer magazine. The Top 50 Employers list is by readers’ choice and will be featured in the magazine’s spring 2020 edition.

Eaton Recognized for Excellence in Augmented Reality, Receives 2020 CIO 100 Award
Thu, 11 Jun 2020 12:00:00 +0000
Power management company Eaton has been named a recipient of IDG’s 2020 CIO 100 award. For more than 30 years, the CIO 100 awards have recognized innovative organizations around the world that exemplify the highest level of operational and strategic excellence in information technology (IT).

Hedge Funds Are Selling Eaton Corporation plc (ETN)
Wed, 03 Jun 2020 07:26:27 +0000
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […]

Be Sociable, Share!

Related Posts