Honeywell's most recent trend suggests a bullish bias. One trading opportunity on Honeywell is a Bull Put Spread using a strike $165.00 short put and a strike $160.00 long put offers a potential 10.13% 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 $165.00 by expiration. The full premium credit of $0.46 would be kept by the premium seller. The risk of $4.54 would be incurred if the stock dropped below the $160.00 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 61.8 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
The Zacks Analyst Blog Highlights: United Parcel, PetroChina, Honeywell, CME and HP
Tue, 10 Sep 2019 12:21:12 +0000
The Zacks Analyst Blog Highlights: United Parcel, PetroChina, Honeywell, CME and HP
Is GE Stock A Buy Right Now? Here's What Earnings, Chart Say
Mon, 09 Sep 2019 19:07:28 +0000
General Electric is making major changes after a brutal couple of years. Here is what the fundamentals and technical analysis say about buying GE stock now.
Top Research Reports for UPS, PetroChina & Honeywell
Mon, 09 Sep 2019 18:34:06 +0000
Top Research Reports for UPS, PetroChina & Honeywell
Honeywell (HON) Displays Bright Prospects, Risks Remain
Mon, 09 Sep 2019 12:20:12 +0000
Strong commercial aftermarket & defense businesses, and solid demand for Honeywell (HON) commercial fire & security products are likely to drive revenues. Soft productivity products business is a woe.
Honeywell Enters Into Partnership With Apparel Logistics
Fri, 06 Sep 2019 14:41:02 +0000
Honeywell's (HON) partnership with The Apparel Logistics Group will help the latter to expand e-commerce order output, strengthen productivity and boost its value-added services capability.
Related Posts
Also on Market Tamer…
Follow Us on Facebook