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Eaton Crosses Above its 10-day MA (ETN)

By Nick Russo

Eaton (NYSE:ETN) crossed over its 10-day moving average of $60.76 on a volume of 258K shares. Swing traders may find 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 $61.46, which is 33% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has remained constant.

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

Ticker(s): ETN