Honeywell (HON) Offering Possible 7.3% Return Over the Next 33 Calendar Days

Honeywell's most recent trend suggests a bearish bias. One trading opportunity on Honeywell is a Bear Call Spread using a strike $100.00 short call and a strike $110.00 long call offers a potential 7.3% return on risk over the next 33 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $100.00 by expiration. The full premium credit of $0.68 would be kept by the premium seller. The risk of $9.32 would be incurred if the stock rose above the $110.00 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 39.75 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

Cramer: Why Honeywell CEO loves low oil prices
Tue, 16 Dec 2014 00:05:52 GMT

Honeywell's 2015 forecast
Mon, 15 Dec 2014 23:40:00 GMT

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Mon, 15 Dec 2014 23:15:00 GMT

Honeywell Guides 2015 Earnings, Revenue Below Views
Mon, 15 Dec 2014 16:13:00 GMT

PetSmart jumps on buyout; Bob Evans CEO steps down; Apple e-book appeal
Mon, 15 Dec 2014 14:02:27 GMT
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