Eaton Corporation PLC (ETN) has risen sharply, recording gains of 9.22% in the past 4 weeks. However, the stock has corrected -0.71% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 2.31% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
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 $63.37 and $62.63 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $63.44. The buying momentum continued till the end and the stock did not give up its gains. It closed at $63.38, notching a gain of 0.27% for the day. The total traded volume was 1,376,972 . The stock had closed at $63.21 on the previous day.
The stock has recorded a 20-day Moving Average of 3.67% and the 50-Day Moving Average is 3.4%. Eaton Corporation plc is up 1.53% in the last 3-month period. Year-to-Date the stock performance stands at 24.12%.