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 $150.00 long put offers a potential 7.87% return on risk over the next 28 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 $0.73 would be kept by the premium seller. The risk of $9.27 would be incurred if the stock dropped below the $150.00 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 71.35 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
Why the Earnings Surprise Streak Could Continue for Honeywell (HON)
Wed, 19 Sep 2018 14:10:02 +0000
Honeywell (HON) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Honeywell Connected Plant Initiative Joined by Alfa Laval
Wed, 19 Sep 2018 13:05:01 +0000
Honeywell's (HON) diversified business portfolio enables it to earn consistent above-average returns and mitigate operating risks.
Honeywell's Sweet Rally Should Continue
Tue, 18 Sep 2018 18:41:00 +0000
In the daily bar chart of HON, below, we can see that prices are above the late January zenith. The daily On-Balance-Volume (OBV) line has been rising the past 12 months even when the price of HON declined! Buyers of HON have definitely been more aggressive. The trend-following Moving Average Convergence Divergence (MACD) oscillator is rising in a bullish fashion.
Alfa Laval Packinox Joins Honeywell Connected Plant Program
Tue, 18 Sep 2018 14:03:00 +0000
Collaboration will lead to new improvements in refinery operations using Honeywell Connected Plant technology DES PLAINES, Ill. , Sept. 18, 2018 /PRNewswire/ — Honeywell (NYSE: HON) UOP today announced …
See what the IHS Markit Score report has to say about Honeywell International Inc.
Tue, 18 Sep 2018 12:00:39 +0000
Honeywell International Inc NYSE:HON
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