Honeywell's most recent trend suggests a bullish bias. One trading opportunity on Honeywell is a Bull Put Spread using a strike $170.00 short put and a strike $165.00 long put offers a potential 11.11% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $170.00 by expiration. The full premium credit of $0.50 would be kept by the premium seller. The risk of $4.50 would be incurred if the stock dropped below the $165.00 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 73.82 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
Diversified Operations Industry: Near-Term Prospects Bright
Mon, 06 May 2019 14:39:02 +0000
Diversified Operations Industry: Near-Term Prospects Bright
Honeywell (HON) is a Great Momentum Stock: Should You Buy?
Mon, 06 May 2019 14:00:02 +0000
Does Honeywell (HON) have what it takes to be a top stock pick for momentum investors? Let's find out.
ITT's Q1 Earnings & Revenues Surpass Estimates, Rise Y/Y
Mon, 06 May 2019 13:58:01 +0000
ITT (ITT) delivers better-than-expected Q1 results on the back of stellar operational performance across Industrial Process and Connect & Control Technologies segments.
Has Honeywell International (HON) Outpaced Other Conglomerates Stocks This Year?
Mon, 06 May 2019 13:30:01 +0000
Is (HON) Outperforming Other Conglomerates Stocks This Year?
Honeywell Declares Q2 Dividend of $0.82 per Share
Mon, 06 May 2019 12:10:27 +0000
Honeywell and IFF Report Second-Quarter DividendsHoneywell declares second-quarter dividendIn a press release on April 29, Honeywell (HON) declared a regular cash dividend for the second quarter of 2019. HON also announced the key dates for its
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