Honeywell (HON) Offering Possible 7.76% Return Over the Next 8 Calendar Days

Honeywell's most recent trend suggests a bullish bias. One trading opportunity on Honeywell is a Bull Put Spread using a strike $160.00 short put and a strike $155.00 long put offers a potential 7.76% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $160.00 by expiration. The full premium credit of $0.36 would be kept by the premium seller. The risk of $4.64 would be incurred if the stock dropped below the $155.00 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 71.59 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

Stocks tied to China may be signaling end to trade war
Tue, 11 Sep 2018 23:11:00 +0000
Jim Cramer argues that the action in stocks like Honeywell suggests that China could soon give in to the United States' trade demands.

Cramer: Stocks heavily tied to China may be signaling an end to the trade war
Tue, 11 Sep 2018 22:32:00 +0000
The action in stocks like Honeywell suggests that China could soon give in to the United States' trade demands, CNBC's Jim Cramer argues. Markets moved higher on Tuesday, leading CNBC's Jim Cramer to question how worried investors really are about the U.S.-China trade war. Reports surfaced shortly thereafter that China would ask the World Trade Organization to place sanctions on the United States.

Will US-China Trade Tussle Hit General Electric Stock in 2018?
Tue, 11 Sep 2018 19:27:46 +0000
General Electric (GE) stock lost 47.3% of its value, implying a market capitalization erosion of ~$130.0 billion in the past year. The stock’s 52-week high was $25.21, whereas its 52-week low was $11.94. The present stock price reflects a ~50% discount to GE’s 52-week high. Major issues facing GE stock include GE Capital’s financial health, the uncertain business environment in GE Power, and the SEC’s investigation into the company’s accounting practices.

Honeywell’s Garrett Motion’s Growth Driver Highlights
Tue, 11 Sep 2018 18:35:02 +0000
On September 6, Garrett Motion, Honeywell’s (HON) proposed spin-off of its Transportation Systems business, held an investor conference in New York City. Olivier Rabiller, Garrett Motion’s president and CEO, addressed the investors and provided the business update.

What Does the Stockpile of 737s Mean for Boeing Investors?
Tue, 11 Sep 2018 17:15:02 +0000
As we discussed in Part 1 of this series, unfinished planes have prevented Boeing from delivering finished aircraft to its customers. Accordingly, Boeing expects lower deliveries in the third quarter. According to Boeing’s latest guidance, it expects to deliver 810–815 commercial aircraft in 2018.

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