Eaton Corporation (ETN) Offering Possible 19.05% Return Over the Next 29 Calendar Days

Eaton Corporation’s most recent trend suggests a bullish bias. One trading opportunity on Eaton Corporation is a Bull Put Spread using a strike $75.00 short put and a strike $70.00 long put offers a potential 19.05% 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 $75.00 by expiration. The full premium credit of $0.80 would be kept by the premium seller. The risk of $4.20 would be incurred if the stock dropped below the $70.00 long put 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 61.12 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Eaton Corporation

5 Stocks to Add to Your Portfolio on Upgraded Broker Ratings
Tue, 17 Jul 2018 15:38:00 +0000
The earnings season has already begun and investors are concerned about the financial performance of the companies. One way to do this is to follow broker recommendations. Brokers also go through the company’s publicly available documents, attend conference calls and are in direct communication with the top management.

Fortune Brands Rewards Shareholders With Dividend & Buyback
Tue, 17 Jul 2018 13:04:01 +0000
Pursuant with the sound capital allocation strategies, Fortune Brands (FBHS) is going to repurchase an additional $400 million worth of shares and pay a quarterly dividend of 20 cents per share.

Even in This Rich Market, Eaton Corporation plc Is Offering Investors Value
Mon, 16 Jul 2018 11:16:00 +0000
The industrial dividend payer’s business has turned a corner, but the market isn’t giving it enough credit.

See what the IHS Markit Score report has to say about Eaton Corporation PLC.
Thu, 12 Jul 2018 12:05:13 +0000
The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Index (PMI) data, output in the Industrials sector is rising.

Eaton to Announce Second Quarter 2018 Earnings on July 31, 2018
Tue, 10 Jul 2018 12:05:00 +0000
Power management company Eaton (ETN) will announce second quarter 2018 earnings on Tuesday, July 31, 2018, before the opening of the New York Stock Exchange. The company will host a conference call at 10 a.m. United States Eastern time that day to discuss second quarter 2018 earnings results with securities analysts and institutional investors. The conference call will be available through a live webcast that can be accessed via the Eaton Second Quarter 2018 Earnings Results link on Eaton’s home page, which is www.eaton.com.

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