Honeywell (HON) Offering Possible 53.37% Return Over the Next 21 Calendar Days

Honeywell's most recent trend suggests a bearish bias. One trading opportunity on Honeywell is a Bear Call Spread using a strike $145.00 short call and a strike $150.00 long call offers a potential 53.37% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $145.00 by expiration. The full premium credit of $1.74 would be kept by the premium seller. The risk of $3.26 would be incurred if the stock rose above the $150.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Honeywell is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Honeywell is bearish.

The RSI indicator is below 20 which suggests that the stock is in oversold 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

A Look at 3M’s Valuation Compared to Its Peers
Wed, 27 Jun 2018 13:01:16 +0000
As of June 26, 3M’s (MMM) one-year forward PE multiple is 18.05x. That compares to Honeywell International’s (HON) PE multiple of 17.2x and Stanley Black & Decker’s (SWK) of 15.0x. A forward PE multiple takes future earnings into consideration.

Honeywell's Latest Gas Detector to Fortify Innovation Suite
Wed, 27 Jun 2018 12:48:12 +0000
Honeywell International (HON) unveils its latest connected gas detector — Searchzone Sonik — to offer superior leak detection services in facilities.

Free Stock Performance Review on Honeywell International and Three Additional Machinery Stocks
Wed, 27 Jun 2018 11:45:00 +0000
Four stocks have been selected by WallStEquities.com for assessment today: Honeywell International Inc. (NYSE: HON), Rexnord Corp. (NYSE: RXN), Illinois Tool Works Inc. (NYSE: ITW), and Ocean Power Technologies Inc. (NASDAQ: OPTT). Morris Plains, New Jersey headquartered Honeywell International Inc.'s stock finished Tuesday's session 0.02% lower at $144.01 with a total trading volume of 2.49 million shares.

See what the IHS Markit Score report has to say about Honeywell International Inc.
Tue, 26 Jun 2018 12:01:30 +0000
Honeywell International Inc NYSE:HON

New Connected Gas Detector From Honeywell Listens For Gas Leaks, Helping Protect Against Deadly Toxic And Explosive Leaks In Industrial Operations
Mon, 25 Jun 2018 14:35:00 +0000
– Searchzone Sonik™ listens for gas leaks ultrasonically to complement network of fixed gas detectors – Bluetooth connectivity and smartphone app make setup, testing, reporting simple FORT MILL, S.C. , …

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