Honeywell's most recent trend suggests a bearish bias. One trading opportunity on Honeywell is a Bear Call Spread using a strike $162.50 short call and a strike $167.50 long call offers a potential 31.23% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $162.50 by expiration. The full premium credit of $1.19 would be kept by the premium seller. The risk of $3.81 would be incurred if the stock rose above the $167.50 long call 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 35.9 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
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 […]
Honeywell Smart Hearing Solution Combines Connected Headsets With Cloud Software To Protect Workers From Noise-Related Injuries
Wed, 09 Oct 2019 12:57:00 +0000
Visual dashboard of noise patterns and exposure levels helps reduce health risks and improve safety programs CHARLOTTE, N.C. , Oct. 9, 2019 /PRNewswire/ — Honeywell ( NYSE: HON ) today announced a new …
Honeywell Names Deborah Flint to Board of Directors
Mon, 07 Oct 2019 18:00:00 +0000
CHARLOTTE, N.C., Oct. 7, 2019 /PRNewswire/ — Honeywell (NYSE: HON) today announced that its Board of Directors has elected Deborah Flint, 52, chief executive officer of Los Angeles World Airports (LAWA), to its Board of Directors as an independent Director. Flint was appointed CEO of LAWA in 2015.
Boeing secures $2.6B Air Force tanker deal
Mon, 07 Oct 2019 15:45:00 +0000
The Buckeye State is the No. 1 supplier to Boeing, which spends $10.5 billion with 392 suppliers in the state, including many in the Dayton region.
Also on Market Tamer…
Follow Us on Facebook