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 5.26% return on risk over the next 31 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 $0.25 would be kept by the premium seller. The risk of $4.75 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 73.51 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's UOP to Clean BW Offshore's U.K. Natural Gas Unit
Wed, 20 Aug 2014 14:00:02 GMT
Honeywell’s UOP Technology Selected To Clean Offshore Natural Gas In The United Kingdom
Tue, 19 Aug 2014 14:13:09 GMT
noodls – … This is an abstract of the original noodl. To continue reading this document, click here for the original version.
Honeywell's UOP Technology Selected To Clean Offshore Natural Gas In The United Kingdom
Tue, 19 Aug 2014 13:00:00 GMT
PR Newswire – DES PLAINES, Ill., Aug. 19, 2014 /PRNewswire/ — UOP LLC, a Honeywell (HON) company, announced today that it has been selected by BW Offshore to remove contaminants from natural gas aboard a new Floating Production, Storage and Offloading (FPSO) vessel off the coast of Scotland. The vessel, which will be leased to Premier Oil, will include a UOP Separex™ Membrane System to remove carbon dioxide. While the technology has been successfully used elsewhere, this will be the first FPSO in the North Sea to use a membrane-based treatment system.
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