Eaton shares are in focus
Tuesday, October 16, 2007
Finally Eaton shares are in focus today, Friedman Billings early in the morning upgrades Eaton stock to Outperform from Mkt Perform. After have dropped five sessions in row, it seems that ETN will see some relief in the selling pressure today and probably a short covering could be in action, looking at the volume of yesterday session and today. So, it will be very interesting see which will be share price close, to see if tomorrow stock will maintain this performance or the sellers will come back again. Resistance at $94.63 and support at $88.33.
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations. The charts provided here are not meant for investment purposes and only serve as technical examples
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations. The charts provided here are not meant for investment purposes and only serve as technical examples
Labels: ETN
