Honeywell (HON) Offering Possible 10.38% Return Over the Next 30 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 $210.00 long put offers a potential 10.38% return on risk over the next 30 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 $1.88 would be kept by the premium seller. The risk of $18.12 would be incurred if the stock dropped below the $210.00 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 above 80 which suggests that the stock is in overbought territory.

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: Microsoft, JPMorgan, Honeywell International, Novo Nordisk and Starbucks
Tue, 20 Apr 2021 10:53:10 +0000
The Zacks Analyst Blog Highlights: Microsoft, JPMorgan, Honeywell International, Novo Nordisk and Starbucks

Lotte Mart is The First Vietnam Supermarket to Adopt Honeywell's Energy Efficient Solstice N40 Refrigerant
Tue, 20 Apr 2021 02:00:00 +0000
Honeywell (NYSE:HON) today announced that its Solstice® N40 (R-448A) refrigerant has been adopted by supermarket retailer Lotte Mart for use in its stores across Vietnam, making it the first supermarket chain in the country to adopt it as a R-404A replacement. Solstice N40 was previously adopted by Lotte Mart for use in its stores in South Korea in 2018.

How Honeywell Makes Money: Aerospace Generates Revenue
Mon, 19 Apr 2021 21:16:06 +0000
Honeywell earns steady profits from aerospace, building technologies, performance materials and technologies, and safety and productivity solutions.

Cramer's Mad Money Recap: Tesla, Honeywell, Peloton
Mon, 19 Apr 2021 19:20:00 +0000
Jim Cramer says it's a tale of two markets. While experienced investors are winning, many in the younger cohort are losing ground.

Top Stock Reports for Microsoft, JPMorgan & Honeywell
Mon, 19 Apr 2021 18:26:06 +0000
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