Eaton Crosses Below its 10-day MA (ETN)
Eaton (NYSE:ETN) crossed under its 10-day moving average of $59.40 on a volume of 438K 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 share prices have been bracketed by a low of $46.19 and a high of $73.82 and are now at $58.97, 28% 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