Honeywell (HON) Offering Possible 7.07% Return Over the Next 7 Calendar Days

Honeywell's most recent trend suggests a bearish bias. One trading opportunity on Honeywell is a Bear Call Spread using a strike $175.00 short call and a strike $180.00 long call offers a potential 7.07% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $175.00 by expiration. The full premium credit of $0.33 would be kept by the premium seller. The risk of $4.67 would be incurred if the stock rose above the $180.00 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 at 65.15 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

2 S&P Sectors At Biggest Risk In U.S.-China Trade War
Wed, 08 May 2019 14:19:30 +0000
The decline of the S&P 500 Index (SPX) has steepened in the aftermath of President Trump's threats to further increase tariffs on imports from China. If the trade war with China does indeed intensify, stocks in the industrial and technology sectors appear to be at particular risk going forward, according to a report in Barron's. The S&P 500 index was up by 17.0% over this period.

Honeywell Leaders To Present At Upcoming Investor Conferences
Tue, 07 May 2019 21:17:00 +0000
MORRIS PLAINS, N.J. , May 7, 2019 /PRNewswire/ — Honeywell (NYSE: HON) today announced the following investor events. Honeywell will host its annual investor conference at the company's Morris Plains, …

See what the IHS Markit Score report has to say about Honeywell International Inc.
Tue, 07 May 2019 12:01:06 +0000
Honeywell International Inc NYSE:HONView full report here! Summary * Perception of the company's creditworthiness is positive * ETFs holding this stock are seeing positive inflows but are weakening * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort 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 flowETF/Index ownership | NegativeETF activity is negative and may be weakening. The net inflows of $5.11 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 sentimentPMI by IHS Markit | NeutralAccording 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. Credit worthinessCredit default swap | PositiveThe current level displays a positive indicator. HON credit default swap spreads are near the lowest level of the last one year and indicate improvement in the market's 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 wins $70.5 million Army contract for tank work
Tue, 07 May 2019 12:00:00 +0000
The Tiger program supports logistics planning, engineering services and spare parts in support of the Honeywell-built AGT1500 gas turbine engine on the M1 Abrams series of tanks.

Diversified Operations Industry: Near-Term Prospects Bright
Mon, 06 May 2019 14:39:02 +0000
Diversified Operations Industry: Near-Term Prospects Bright

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