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Eaton Corp Plc Bearish Moving Average Crossover Alert (ETN)

By James Quinn

Eaton Corp Plc (NYSE:ETN) crossed under its 10-day moving average of $78.33 on a volume of 208K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Eaton Corp Plc share prices have been bracketed by a low of $64.46 and a high of $89.46 and are now at $78.04, 21% 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 declined 0.2%.

SmarTrend is monitoring the recent change of momentum in Eaton Corp Plc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Eaton Corp Plc in search of a potential trend change.

Keywords: moving crosses eaton corp plc

Ticker(s): ETN