Honeywell (HON) Offering Possible 51.52% 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 $230.00 short put and a strike $225.00 long put offers a potential 51.52% 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 $230.00 by expiration. The full premium credit of $1.70 would be kept by the premium seller. The risk of $3.30 would be incurred if the stock dropped below the $225.00 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 60.24 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

Honeywell To Present At Jefferies Virtual Industrials Conference
Tue, 27 Jul 2021 13:00:00 +0000
Honeywell (NASDAQ: HON) today announced that Doug Wright, president and chief executive officer of Honeywell Building Technologies, will present at the Jefferies Virtual Industrials Conference on Tuesday, August 3, 2021, from 2:00 p.m. – 2:25 p.m. EDT.

ASM Global, Honeywell Form Strategic Alliance To Create Smarter, Safer Venues
Mon, 26 Jul 2021 20:03:49 +0000
ASM Global inked a strategic alliance with Honeywell International Inc (NASDAQ: HON) to help create smarter, safer, and more sustainable venue operations and more enjoyable audience experiences across ASM's international portfolio. The agreement runs through 2027, no terms were disclosed. ASM Global will work with Honeywell to establish new standards related to indoor air quality, safety, and regulatory compliance for its VenueShield LIVE proprietary program for venue reopenings and operations.

ASM Global Enters Strategic Alliance With Honeywell to Create Smarter and Safer Venues
Mon, 26 Jul 2021 14:00:00 +0000
LOS ANGELES, July 26, 2021–ASM Global announced a strategic alliance with Honeywell to help create smarter, safer and more sustainable venue operations across ASM's portfolio.

Honeywell International Inc. (HON) is a Top-Ranked Momentum Stock: Should You Buy?
Mon, 26 Jul 2021 13:13:01 +0000
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.

3 Stocks That Could Skyrocket in the Second Half of 2021
Sun, 25 Jul 2021 11:00:00 +0000
After last year's impressive rebound, the U.S. stock market has shown no signs of slowing down. On Friday, the S&P 500, Nasdaq Composite, and the Dow Jones Industrial Average all closed at record highs. Scott Levine (Hyzon Motors): If Hyzon Motors isn't a name you remember seeing among the other usual fuel cell suspects, it's not that surprising.

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