Eaton: technical bounce, caution on flow
Eaton rebounds 2.2%, but money flow keeps deteriorating
Eaton: technical bounce, caution on flow
Our view last week
Eaton is in week 12 of a buy signal and has already hit all 3 targets of our most advanced model: coverage is closed. The residual capital continues with a trailing stop on the Inversion Point, in the 385 area. This week the technical picture softened: sell volume at 83% and momentum falling sharply. The price still sits wedged between a nearby resistance and support.
This week's summary
Eaton shares bounce back, up 2.2% this week, with buyers back in charge - 60% of volume - after last week's heavy sell-off. The rebound doesn't fully convince, though: money flow keeps worsening and momentum stays negative, while price sits boxed into a tight band between resistance and support. Our weekly technical analysis keeps tracking the trade, now well into its management phase.
IQS Phase
43
ordinary
Signal Strength
66
medium
Sizing
STANDARD
Ranking
#44 / 129
US stocks in progress
Trade P&L %
+1.06%
from signal to today
restricted Platinum content