Honeywell (HON) Offering Possible 12.87% Return Over the Next 30 Calendar Days

Honeywell's most recent trend suggests a bullish bias. One trading opportunity on Honeywell is a Bull Put Spread using a strike $155.00 short put and a strike $145.00 long put offers a potential 12.87% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $155.00 by expiration. The full premium credit of $1.14 would be kept by the premium seller. The risk of $8.86 would be incurred if the stock dropped below the $145.00 long put strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Honeywell is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Honeywell is bearish.

The RSI indicator is at 44.35 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here


LATEST NEWS for Honeywell

Honeywell's T55 Engine Upgrade To Provide More Power, Better Fuel Efficiency For U.S. Army's CH-47 Chinook
Mon, 14 Oct 2019 13:00:00 +0000
WASHINGTON, Oct. 14, 2019 /PRNewswire/ — Honeywell (HON) is finalizing a new and improved T55 engine to power the U.S. Army's Chinook helicopters. The newest upgrade for the legendary T55 will offer over 20% more power at sea level, a nearly 10% power increase at high and hot altitudes, and use 9% less fuel than before. This new variant of the T55 will also greatly reduce ownership costs, improving the overall value of what is already one of the most battle-tested engines in the history of warfare.

Trade war pause, retail sales, bank earnings – What to know in the week ahead
Sun, 13 Oct 2019 14:38:33 +0000
The coming week’s docket of economic reports and earnings releases comes just following the Trump administration’s announcement of a partial trade deal with China late last week.

Honeywell Unveils New Hearing Solution for Worker Safety
Thu, 10 Oct 2019 12:11:12 +0000
Honeywell's (HON) VeriShield Smart Hearing Solution will assist companies in improving their hearing conservation programs with a personalized approach to worker protection.

Is GE Stock A Buy Right Now? Here's What Earnings, Chart Say
Wed, 09 Oct 2019 21:47:28 +0000
General Electric is making major changes after a brutal couple of years. Here is what the fundamentals and technical analysis say about buying GE stock now.

Is Honeywell International Inc. (HON) Going to Burn These Hedge Funds?
Wed, 09 Oct 2019 20:33:27 +0000
Investing in hedge funds can bring large profits, but it’s not for everybody, since hedge funds are available only for high-net-worth individuals. They generate significant returns for investors to justify their large fees and they allocate a lot of time and employ complex research processes to determine the best stocks to invest in. A particularly […]

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