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EATON CORP
(ETN-NYSE):
Technical Viewpoint: From a low
of $66.30 on Jun 26, 2001 prices
rallied, reaching a
high of $73.50
on Jul 5, 2001. A
decline saw prices pull back, reaching a
low of
$68.98 on Jul 11, 2001.
Another rally saw prices penetrate
resistance, closing 8/3/01
at $74.99. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Aug 2, 2001 when the Histogram crossed the "0" line to the upside.
Support: Remains at $70.50. Resistance: Is at $75.70.
Point & Figure: Reversed to the upside on Jul 26, 2001. A P&F upside
reversal takes place at $72.00. Summary: Technical indicators have turned bullish. BUY! EATON CORP
(ETN-NYSE) @ $75.12 Stop: Use a protective stop of $72.50.
EATON CORP is currently trading @ $74.99 plus $1.00 on Aug 3, 2001. Price Objective:
$85.00. Risk/Reward: $2.62 VS. $9.88. Today's Risk Reward Ratio: 4:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$85.00
Risk/Reward:
$2.62 VS. $9.88
Risk/Reward Ratio:
4:1
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