Eaton is a power management company. Co.'s segments are: Electrical Americas and Electrical Global, which consists of, among others, electrical components, industrial components, power distribution and assemblies, residential products, single phase power quality and connectivity, three phase power quality, wiring devices, and services, as well as hazardous duty electrical equipment; Aerospace, which supplies aerospace fuel, hydraulics, and pneumatic systems; Vehicle, which designs, manufactures, markets, and supplies drivetrain, powertrain systems and components; and eMobility, which designs, manufactures, markets, and supplies mechanical, electrical, and electronic components and systems.
When researching a stock like Eaton, many investors are the most familiar with Fundamental Analysis — looking at a company's balance sheet, earnings, revenues, and what's happening in that company's underlying business. Investors who use Fundamental Analysis to identify good stocks to buy or sell can also benefit from ETN Technical Analysis to help find a good entry or exit point. Technical Analysis is blind to the fundamentals and looks only at the trading data for ETN stock — the real life supply and demand for the stock over time — and examines that data in different ways. One of those ways is to calculate a Simpe Moving Average ("SMA") by looking back a certain number of days. One of the most popular "longer look-backs" is the ETN 200 day moving average ("ETN 200 DMA"), while one of the most popular "shorter look-backs" is the ETN 50 day moving average ("ETN 50 DMA"). A chart showing both of these popular moving averages is shown on this page for Eaton. |
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Video: Technical Analysis