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

By David Diaz

Today, shares of Eaton Corp Plc (NYSE:ETN) have crossed bearishly below their 10-day moving average of $85.77 on a volume of 179K shares. Swing traders may find an opportunity 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 $85.47, 33% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.5%.

SmarTrend recommended that subscribers consider buying shares of Eaton Corp Plc on August 30th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $80.79. Since that recommendation, shares of Eaton Corp Plc have risen 6.6%. We continue to monitor ETN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses eaton corp plc

Ticker(s): ETN