Honeywell (HON) Offering Possible 49.25% Return Over the Next 6 Calendar Days

Honeywell’s most recent trend suggests a bullish bias. One trading opportunity on Honeywell is a Bull Put Spread using a strike $145.00 short put and a strike $140.00 long put offers a potential 49.25% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $145.00 by expiration. The full premium credit of $1.65 would be kept by the premium seller. The risk of $3.35 would be incurred if the stock dropped below the $140.00 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 49.28 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Honeywell

Honeywell Unveils Satellite Communications System, Aspire 40
Tue, 10 Apr 2018 14:38:02 +0000
Honeywell International (HON) announces the availability of Aspire 40, its newest satellite communications system.

See what the IHS Markit Score report has to say about Honeywell International Inc.
Tue, 10 Apr 2018 12:00:24 +0000
This could indicate that investors who seek to profit from falling equity prices are not currently targeting HON. Over the last one-month, outflows of investor capital in ETFs holding HON totaled $14.43 billion.

Aramco Taps TechnipFMC & Honeywell for Petrochemical Foray
Mon, 09 Apr 2018 19:00:07 +0000
TechnipFMC (FTI) is going to help Saudi Aramco produce two million tons of ethylene per annum.

Honeywell’s New Satcom System Brings Worldwide Voice And Data Connectivity To Cockpit And Cabin
Mon, 09 Apr 2018 13:00:00 +0000
PHOENIX, April 9, 2018 /PRNewswire/ — Honeywell (HON) announced the availability of its newest satellite communications system, the Aspire 400, which provides aircraft flight crews and passengers with access to worldwide voice and data connectivity and provides pilots with critical cockpit safety services. The compact and lightweight system for business jets and commercial or military aircraft provides connectivity to both the cockpit and the cabin simultaneously, which in turn results in safer, more efficient and more comfortable flights than previously possible.

Honeywell targets 10 pct revenue growth in Southeast Asia this year
Fri, 06 Apr 2018 11:04:37 +0000
U.S. industrial conglomerate Honeywell International Inc is targeting a roughly 10 percent increase in revenue from Southeast Asia this year, in part boosted by growing defence spending in the region, …

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