Honeywell (HON) Offering Possible 10.38% Return Over the Next 23 Calendar Days

Honeywell's most recent trend suggests a bullish bias. One trading opportunity on Honeywell is a Bull Put Spread using a strike $92.50 short put and a strike $87.50 long put offers a potential 10.38% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $92.50 by expiration. The full premium credit of $0.47 would be kept by the premium seller. The risk of $4.53 would be incurred if the stock dropped below the $87.50 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 69.03 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

[$$] Wellness Program at Honeywell Faces Test
Wed, 29 Oct 2014 23:46:04 GMT
The Wall Street Journal – The EEOC filed a lawsuit this week seeking to shut down Honeywell’s medical screenings.

U.S. agency sues Honeywell over employee wellness testing
Wed, 29 Oct 2014 21:44:55 GMT

U.S. agency sues Honeywell over employee wellness testing
Wed, 29 Oct 2014 21:18:07 GMT
Reuters – Equal Employment Opportunity Commission has sued Honeywell International Inc to stop the company from imposing penalties on employees who refuse to undergo testing under its corporate wellness program. The lawsuit is the third case since August filed by the federal agency challenging a corporate wellness program, with Honeywell the biggest company to be targeted. Wellness programs that encourage healthier habits have become increasingly popular in Corporate America, as they promise to improve productivity, cut absenteeism and reduce medical costs. Such programs are also encouraged under President Barack Obama's healthcare law, the Affordable Care Act (ACA).

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Wed, 29 Oct 2014 19:53:00 GMT

Honeywell To Present At Goldman Sachs Industrials Conference
Wed, 29 Oct 2014 18:35:00 GMT
PR Newswire – MORRIS TOWNSHIP, N.J., Oct. 29, 2014 /PRNewswire/ — Honeywell (NYSE: HON) today announced that Thomas A. Szlosek, Senior Vice President & Chief Financial Officer, will be presenting at the Goldman Sachs …

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