Honeywell (HON) Offering Possible 31.93% Return Over the Next 13 Calendar Days

Honeywell's most recent trend suggests a bullish bias. One trading opportunity on Honeywell is a Bull Put Spread using a strike $185.00 short put and a strike $180.00 long put offers a potential 31.93% return on risk over the next 13 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $185.00 by expiration. The full premium credit of $1.21 would be kept by the premium seller. The risk of $3.79 would be incurred if the stock dropped below the $180.00 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 44.74 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

Honeywell Is Getting More Serious About Growth. Investors Are Happy.
Thu, 03 Mar 2022 17:53:00 +0000
The industrial giant also laid out plans for increasing profit margins. Wall Street should be OK with the goals, too, since they align with analyst projections.

HONEYWELL HOSTS 2022 INVESTOR CONFERENCE, PROVIDES UPDATED GROWTH AND ESG STRATEGY, AND ENHANCES LONG-TERM FINANCIAL FRAMEWORK
Thu, 03 Mar 2022 11:30:00 +0000
Honeywell (NASDAQ: HON) will host its annual investor conference at the company's Charlotte, N.C., headquarters today. The leadership team will provide details on the company's strategic priorities that will drive the next phase of growth led by accelerating transformation efforts, major breakthrough initiatives, increasing software and recurring sales mix, and end-market tailwinds.

Honeywell rolls out flexible workplace policies as employees return from remote work
Wed, 02 Mar 2022 19:09:26 +0000
Honeywell International Inc. has announced new work-life balance protocols as employees have returned to regular work routines following Covid-19 closures.

Honeywell rolls out hybrid work policies, aims to grow large Houston footprint
Tue, 01 Mar 2022 19:58:13 +0000
Honeywell's footprint in the local market grew significantly after the company relocated its Performance Materials and Technologies division to Houston last summer.

Honeywell International Inc. (HON) Gains As Market Dips: What You Should Know
Mon, 28 Feb 2022 22:50:10 +0000
In the latest trading session, Honeywell International Inc. (HON) closed at $189.84, marking a +0.68% move from the previous day.

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