Honeywell (HON) Offering Possible 7.07% Return Over the Next 22 Calendar Days

Honeywell's most recent trend suggests a bullish bias. One trading opportunity on Honeywell is a Bull Put Spread using a strike $135.00 short put and a strike $125.00 long put offers a potential 7.07% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $135.00 by expiration. The full premium credit of $0.66 would be kept by the premium seller. The risk of $9.34 would be incurred if the stock dropped below the $125.00 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 72.38 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

See what the IHS Markit Score report has to say about Honeywell International Inc.
Tue, 22 Jan 2019 13:01:35 +0000
# Honeywell International Inc

### NYSE:HON

View full report here!

## Summary

* Perception of the company's creditworthiness is neutral
* ETFs holding this stock are seeing positive inflows but are weakening
* Bearish sentiment is low
* Economic output for the sector is expanding but at a slower rate

## Bearish sentiment

Short interest | Positive

Short interest is extremely low for HON with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting HON.

## Money flow

ETF/Index ownership | Negative

ETF activity is negative and may be weakening. The net inflows of $1.24 billion over the last one-month into ETFs that hold HON are among the lowest of the last year and appear to be slowing.

## Economic sentiment

PMI by IHS Markit | Negative

According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Industrials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing.

## Credit worthiness

Credit default swap | Neutral

The current level displays a neutral indicator. HON credit default swap spreads are near their highest levels of the last 3 years, which indicates the market's more negative perception of the company's credit worthiness.

Please send all inquiries related to the report to score@ihsmarkit.com.

Charts and report PDFs will only be available for 30 days after publishing.

This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

Honeywell (HON) Gains But Lags Market: What You Should Know
Fri, 18 Jan 2019 22:45:10 +0000
Honeywell (HON) closed at $141.61 in the latest trading session, marking a +1.24% move from the prior day.

Honeywell Chosen by ZPC for Petrochemicals Project in China
Fri, 18 Jan 2019 13:19:01 +0000
Honeywell's (HON) unit, Honeywell UOP, gets selected by ZPC to provide a range of process technology for its integrated refining and petrochemical complex in Zhoushan.

Top of the List: 2019 manufacturing survey reveals lots of growth (and some steep drops)
Fri, 18 Jan 2019 12:30:00 +0000
Among the more than three dozen firms that provided data on their current employment, nearly half reported an increased number of workers on the job. By comparison, only one in six firms reported a decrease in employees.

Honeywell Technology And Controls Selected For Largest Petrochemicals Project In China
Thu, 17 Jan 2019 14:30:00 +0000
DES PLAINES, Ill., Jan. 17, 2019 /PRNewswire/ — Honeywell (HON) announced today that Zhejiang Petrochemical Co. Ltd. (ZPC) will use a range of process technology from Honeywell UOP, the world's leading licensor of refining and petrochemical process technology, for the second phase of an integrated refining and petrochemical complex in Zhoushan, Zhejiang Province. In the first phase of the project announced in 2017, ZPC selected Honeywell UOP technologies for hydroprocessing and heavy oil upgrading, and to make aromatics for plastic resins, films and fibers that are the basis for millions of products. For this second phase of the project, Honeywell UOP will supply a wide range of technology licenses, engineering design, key equipment, and state-of-the-art catalysts and adsorbents, more than doubling the plant's aromatics capacity.

Related Posts

 

MarketTamer is not an investment advisor and is not registered with the U.S. Securities and Exchange Commission or the Financial Industry Regulatory Authority. Further, owners, employees, agents or representatives of MarketTamer are not acting as investment advisors and might not be registered with the U.S. Securities and Exchange Commission or the Financial Industry Regulatory.


This company makes no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended in this email, and makes no representations or warranties concerning said company or entity’s compliance with applicable laws and regulations, including, but not limited to, regulations promulgated by the SEC or the CFTC. The sender of this email may receive a portion of the proceeds from the sale of any products or services offered by a company or entity mentioned or recommended in this email. The recipient of this email assumes responsibility for conducting its own due diligence on the aforementioned company or entity and assumes full responsibility, and releases the sender from liability, for any purchase or order made from any company or entity mentioned or recommended in this email.


The content on any of MarketTamer websites, products or communication is for educational purposes only. Nothing in its products, services, or communications shall be construed as a solicitation and/or recommendation to buy or sell a security. Trading stocks, options and other securities involves risk. The risk of loss in trading securities can be substantial. The risk involved with trading stocks, options and other securities is not suitable for all investors. Prior to buying or selling an option, an investor must evaluate his/her own personal financial situation and consider all relevant risk factors. See: Characteristics and Risks of Standardized Options. The www.MarketTamer.com educational training program and software services are provided to improve financial understanding.


The information presented in this site is not intended to be used as the sole basis of any investment decisions, nor should it be construed as advice designed to meet the investment needs of any particular investor. Nothing in our research constitutes legal, accounting or tax advice or individually tailored investment advice. Our research is prepared for general circulation and has been prepared without regard to the individual financial circumstances and objectives of persons who receive or obtain access to it. Our research is based on sources that we believe to be reliable. However, we do not make any representation or warranty, expressed or implied, as to the accuracy of our research, the completeness, or correctness or make any guarantee or other promise as to any results that may be obtained from using our research. To the maximum extent permitted by law, neither we, any of our affiliates, nor any other person, shall have any liability whatsoever to any person for any loss or expense, whether direct, indirect, consequential, incidental or otherwise, arising from or relating in any way to any use of or reliance on our research or the information contained therein. Some discussions contain forward looking statements which are based on current expectations and differences can be expected. All of our research, including the estimates, opinions and information contained therein, reflects our judgment as of the publication or other dissemination date of the research and is subject to change without notice. Further, we expressly disclaim any responsibility to update such research. Investing involves substantial risk. Past performance is not a guarantee of future results, and a loss of original capital may occur. No one receiving or accessing our research should make any investment decision without first consulting his or her own personal financial advisor and conducting his or her own research and due diligence, including carefully reviewing any applicable prospectuses, press releases, reports and other public filings of the issuer of any securities being considered. None of the information presented should be construed as an offer to sell or buy any particular security. As always, use your best judgment when investing.