Eaton Corporation PLC (ETN) Shares are Up 3.23%

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 3.15% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.79%, 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 3.23% in the last 1 week, and is up 5.72% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Eaton Corporation PLC (NYSE:ETN): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $64.78 and $64.62 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $65.71. The buying momentum continued till the end and the stock did not give up its gains. It closed at $65.46, notching a gain of 1.49% for the day. The total traded volume was 2,300,665 . The stock had closed at $64.50 on the previous day.

The stock has recorded a 20-day Moving Average of 3.68% and the 50-Day Moving Average is 6.61%. Eaton Corporation plc is up 7.75% in the last 3-month period. Year-to-Date the stock performance stands at 29.34%.

Eaton Corporation PLC (ETN) : 12 investment research analysts covering Eaton Corporation PLC (ETN) have an average price target of $64 for the near short term. The highest target price given by the Brokerage Firm to the stock is $73 and the lowest target is $59 for the short term. Analysts expect the variance to be within $4.59 of the average price.


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