Honeywell (HON) Offering Possible 25% Return Over the Next 3 Calendar Days

Honeywell's most recent trend suggests a bullish bias. One trading opportunity on Honeywell is a Bull Put Spread using a strike $210.00 short put and a strike $205.00 long put offers a potential 25% return on risk over the next 3 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $210.00 by expiration. The full premium credit of $1.00 would be kept by the premium seller. The risk of $4.00 would be incurred if the stock dropped below the $205.00 long put strike price.

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

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

The RSI indicator is at 72.77 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

‘Halftime Report' Traders See Upsides In Caterpillar, General Motors And Honeywell
Sat, 12 Dec 2020 14:41:04 +0000
On CNBC's “Fast Money Halftime Report,” Jim Lebenthal spoke about Caterpillar Inc. (NYSE: CAT), which was named as a top pick by JPMorgan Chase & Co. (NYSE: JPM), with an “overweight” rating and a price target of $185.Lebenthal own the stock and thinks JPMorgan's price target is probably right, as he sees 6% to 8% upside potential in the name. He advised viewers not to stay in Caterpillar for too long, because if you look at its 20-year chart, the stock has distinct periods of long rises followed by fallow periods.Lebenthal thinks industrials are a great sector to be in right now. He likes General Motors Company (NYSE: GM) and sees the current consolidation period as a great chance to buy.Jason Snipe owns Honeywell International Inc. (NYSE: HON). He said the stock had a great run recently, and thinks it still has more upside potential. Latest Ratings for CAT DateFirmActionFromTo Oct 2020StifelMaintainsBuy Oct 2020Morgan StanleyMaintainsUnderweight Oct 2020Wells FargoUpgradesEqual-WeightOverweight View More Analyst Ratings for CAT View the Latest Analyst RatingsSee more from Benzinga * Click here for options trades from Benzinga * Scott Nations: Watch For Bullish Copper Data In The Week Ahead * ‘Halftime Report' Traders Weigh In On Lockheed Martin, Moderna And Becton Dickinson's Order For 1 Billion Syringes(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Dow Jones Turns Higher; Did Disney Stock Offer An Extra Buy Point?
Fri, 11 Dec 2020 20:21:31 +0000
Disney cleared a subtle double-bottom base on Nov. 9, moving past a 131.46 buy point. Since then, the entertainment titan has acted bullishly.

What Honeywell Building Technologies is doing to improve air quality amid COVID-19
Fri, 11 Dec 2020 15:58:55 +0000
Yahoo Finance’s Julie Hyman, Myles Udland, and Brian Sozzi speak with Honeywell Building Technologies CEO Vimal Kapur about how the company is keeping buildings safe and will continue to do so in a post-COVID-19 world.

Disruptor Alert: These 4 Companies Are Changing the Industrial Sector
Fri, 11 Dec 2020 14:48:00 +0000
The COVID-19 pandemic has only served to increase interest in the so-called fourth industrial revolution, or Industry 4.0 — in other words, the use of digital technologies such as Web-enabled devices and the industrial internet of things (IIoT) to better manage physical asses. As such, a slew of industrial companies are either buying or investing in software and IoT capabilities, while the pure-play software companies are forging relationships with industrial companies. It's an exciting industry, and it's going to change the way investors think about the industrial sector.

20 Most Cultured Cities in the U.S. in 2020
Thu, 10 Dec 2020 17:11:22 +0000
Now we are going to invite you for a virtual tour to the 20 most cultured cities in the U.S. in 2020. Click here if you want to jump directly from our introduction to the top 5 most cultured cities in the U.S. This year we have had to skip so many things we love […]

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