Honeywell (HON) Offering Possible 11.86% Return Over the Next 29 Calendar Days

Honeywell's most recent trend suggests a bullish bias. One trading opportunity on Honeywell is a Bull Put Spread using a strike $155.00 short put and a strike $145.00 long put offers a potential 11.86% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $155.00 by expiration. The full premium credit of $1.06 would be kept by the premium seller. The risk of $8.94 would be incurred if the stock dropped below the $145.00 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 43.17 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Honeywell

Honeywell Names Mike Madsen To Lead Aerospace Business Group, Tim Mahoney To Drive Enterprise Transformation, Jeff Kimbell Joins Company As Chief Commercial Officer
Tue, 15 Oct 2019 21:07:00 +0000
CHARLOTTE, N.C., Oct. 15, 2019 /PRNewswire/ — Honeywell (NYSE: HON) today announced that Mike Madsen, an executive with more than three decades of leadership experience within its Aerospace strategic business group, has been named President and CEO of Honeywell Aerospace, effective immediately. Madsen, 56, succeeds Tim Mahoney, who held the role for the past 10 years and has been named Senior Vice President, Enterprise Transformation. In his new position, Mahoney, 63, will have broad responsibilities for Honeywell Digital, the company's global, cross-functional digitization initiative that is driving improvements in customer service and efficiency.

Will Honeywell International's (HON) Q3 Earnings Disappoint?
Tue, 15 Oct 2019 14:04:02 +0000
Softness in Safety and Productivity Solutions segment coupled with high liabilities, slowdown in China and trade issues are expected to get reflected in Honeywell's (HON) third-quarter 2019 results.

Honeywell Appears Poised to Restart Its Rally With a $200 Price Objective
Tue, 15 Oct 2019 08:40:00 +0000
Thursday's earnings for the technology and manufacturing giant could serve as the catalyst for a move higher.

Honeywell's T55 Engine Upgrade To Provide More Power, Better Fuel Efficiency For U.S. Army's CH-47 Chinook
Mon, 14 Oct 2019 13:00:00 +0000
WASHINGTON, Oct. 14, 2019 /PRNewswire/ — Honeywell (HON) is finalizing a new and improved T55 engine to power the U.S. Army's Chinook helicopters. The newest upgrade for the legendary T55 will offer over 20% more power at sea level, a nearly 10% power increase at high and hot altitudes, and use 9% less fuel than before. This new variant of the T55 will also greatly reduce ownership costs, improving the overall value of what is already one of the most battle-tested engines in the history of warfare.

Trade war pause, retail sales, bank earnings – What to know in the week ahead
Sun, 13 Oct 2019 14:38:33 +0000
The coming week’s docket of economic reports and earnings releases comes just following the Trump administration’s announcement of a partial trade deal with China late last week.

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