Honeywell Offering Possible 7.53% Return Over the Next 29 Calendar Days

Honeywell's most recent trend suggests a bearish bias. One trading opportunity on Honeywell is a Bear Call Spread using a strike $87.50 short call and a strike $92.50 long call offers a potential 7.53% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $87.50 by expiration. The full premium credit of $0.35 would be kept by the premium seller. The risk of $4.65 would be incurred if the stock rose above the $92.50 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Honeywell is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Honeywell is bearish.

The RSI indicator is at 55.41 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Honeywell

Best earnings season I can recall in years: Cramer
Fri, 18 Oct 2013 22:00:00 GMT
CNBC – Mad Money host Jim Cramer says the markets keep going higher because of this quarter's earnings season, which is turning out to be a bright one.

Honeywell Misses on Q3 Revenue, Meets on EPS
Fri, 18 Oct 2013 21:02:08 GMT
Motley Fool – The company posts a top line of $9.6 billion and diluted EPS of $1.24.

[$$] Honeywell's Profit Rises 4.2%
Fri, 18 Oct 2013 17:47:07 GMT
The Wall Street Journal – Honeywell International Inc. cut its full-year revenue estimate in response to lower defense spending and said slow economic growth will continue into next year.

GE Industrial Focus Lifts Backlog; Shares At '08 High
Fri, 18 Oct 2013 17:37:00 GMT
Investor's Business Daily – GE Industrial Focus Lifts Backlog; Shares At '08 High

Honeywell International's CEO Discusses Q3 2013 Results – Earnings Call Transcript
Fri, 18 Oct 2013 17:33:05 GMT
Seeking Alpha – Honeywell International, Inc. (HON) Q3 2013 Earnings Conference Call October 18, 2013 9:30 AM ET Executives David M. Cote – Chairman and CEO David J. Anderson – SVP and CFO Elena Doom – VP, Investor Relations …

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