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After Yesterday's Decline of 1.56%, Eaton Corp Plc Offers Investors Better Value

By David Diaz

Eaton Corp Plc (NYSE:ETN) traded in a range yesterday that spanned from a low of $77.78 to a high of $79.29. Yesterday, the shares fell 1.6%, which took the trading range below the 3-day low of $78.34 on volume of 559,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

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 $77.94, 21% above that low price. The 200-day and 50-day moving averages have moved 0.06% lower and 0.22% lower over the past week, respectively.

Keywords: rebounders eaton corp plc

Ticker(s): ETN