Eaton Corporation PLC (ETN) : Traders are bullish on Eaton Corporation PLC (ETN) as it has outperformed the S&P 500 by a wide margin of 6.35% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.7%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.67% in the last 1 week, and is up 6.75% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Eaton Corporation plc is up 14.16% in the last 3-month period. Year-to-Date the stock performance stands at 33.69%. The stock has recorded a 20-day Moving Average of 3.77% and the 50-Day Moving Average is 8.26%.
Eaton Corporation PLC (NYSE:ETN): The stock opened at $67.30 on Friday but the bulls could not build on the opening and the stock topped out at $67.76 for the day. The stock traded down to $67.16 during the day, due to lack of any buying support eventually closed down at $67.66 with a loss of -0.09% for the day. The stock had closed at $67.72 on the previous day. The total traded volume was 1,898,276 shares.
Also, In a research note released to the investors, Argus Research upgrades its rating on Eaton Corporation PLC (NYSE:ETN).The analysts at the brokerage house have a current rating of Buy on the shares. Earlier, the shares were rated a Hold by the brokerage firm. The rating by the firm was issued on August 10, 2016.