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Eaton Corp Plc Crosses Above its 10-day MA (ETN)

By James Quinn

Eaton Corp Plc (NYSE:ETN) crossed over its 10-day moving average of $77.47 on a volume of 248K 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.

Over the past year, Eaton Corp Plc has traded in a range of $54.30 to $89.85 and is now at $77.69, 43% above that low. The 200-day and 50-day moving averages have moved 0.1% lower and 0.71% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Eaton Corp Plc on February 8th, 2018 by issuing a Downtrend alert when the shares were trading at $80.85. Since that call, shares of Eaton Corp Plc have fallen 4.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses eaton corp plc

Ticker(s): ETN