Eaton Bullish Moving Average Crossover Alert (ETN)
Eaton (NYSE:ETN) crossed over its 10-day moving average of $61.74 on a volume of 325K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
In the past 52 weeks, shares of Eaton have traded between a low of $46.19 and a high of $73.82 and are now at $63.18, which is 37% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.7%.
SmarTrend is tracking the current trend status for Eaton and will alert subscribers who have ETN in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses Eaton