Honeywell (HON) Offering Possible 8.93% Return Over the Next 20 Calendar Days

Honeywell's most recent trend suggests a bullish bias. One trading opportunity on Honeywell is a Bull Put Spread using a strike $200.00 short put and a strike $195.00 long put offers a potential 8.93% return on risk over the next 20 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $200.00 by expiration. The full premium credit of $0.41 would be kept by the premium seller. The risk of $4.59 would be incurred if the stock dropped below the $195.00 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 58.86 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

Charlotte-Based Public-Private Partnership Provides How-To Guide For Mass Vaccination Events
Thu, 25 Feb 2021 10:00:00 +0000
An innovative public-private partnership spearheaded by Honeywell, Atrium Health, Tepper Sports & Entertainment and Charlotte Motor Speedway has widely distributed a how-to guide that can serve as a resource for leaders that are planning mass vaccination events in their communities. The partnership has provided the guide to the Biden administration and the governors of all 50 U.S. states.

Honeywell Expands Popular Ultraviolet Treatment Product Line To Serve New Transportation Segments
Tue, 23 Feb 2021 14:00:00 +0000
Expanding on its popular UV Treatment System for airliners, Honeywell (NYSE: HON) has debuted a new, smaller version of the product that includes a UV wand and portable backpack. Designed to help reduce pathogens found on high-touch surfaces in a quick and low-cost manner, this new device can be easily used in a multitude of transportation options, from buses and trains to cars and small aircraft.

Garrett Motion S.a r.l. — Moody's assigns Ba3 rating to Garrett Motion; outlook stable
Mon, 22 Feb 2021 18:41:13 +0000
Rating Action: Moody's assigns Ba3 rating to Garrett Motion; outlook stableGlobal Credit Research – 22 Feb 2021Frankfurt am Main, February 22, 2021 — Moody's Investors Service (“Moody's”) has today assigned a Ba3 corporate family rating (CFR) and Ba3-PD probability of default rating to Garrett Motion Inc. (“Garrett” or “the company”), as well as a Ba2 rating to the senior secured bank credit facilities expected to be entered into by Garrett's wholly owned subsidiaries Garrett Motion S.a r.l. The outlook on all ratings is stable.”The Ba3 rating reflects the strength of Garrett's underlying operating business and a successful balance sheet restructuring, which will allow the company to emerge from Chapter 11 in the second quarter of 2021.”, said Matthias Heck, a Moody's Vice President — Senior Credit Officer and Lead Analyst for Garrett.

Honeywell International Inc. (NYSE:HON) Pays A US$0.93 Dividend In Just Four Days
Sat, 20 Feb 2021 07:28:52 +0000
Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be…

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Wed, 17 Feb 2021 09:50:09 +0000
In this article we discuss ARK Investment’s Cathie Wood’s most favorite EV stocks. You can skip our discussion about the spectacular returns of ARK Investment, Cathie Wood’s investment philosophy and go directly to 5 Best EV Stocks to Buy According to Cathie Wood. Catherine Wood is the founder of ARK Investment Management LLC which now […]

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