Honeywell (HON) Offering Possible 8.27% Return Over the Next 9 Calendar Days

Honeywell's most recent trend suggests a bullish bias. One trading opportunity on Honeywell is a Bull Put Spread using a strike $152.50 short put and a strike $147.00 long put offers a potential 8.27% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $152.50 by expiration. The full premium credit of $0.42 would be kept by the premium seller. The risk of $5.08 would be incurred if the stock dropped below the $147.00 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 78.51 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 Wants to Buy, and Will Get, Aerospace Firm Arconic
Fri, 01 Dec 2017 17:40:00 +0000
In October Arconic installed twenty-four year GE veteran Charles “Chip” Blankenship as its chief executive.

The Zacks Analyst Blog Highlights: Coca-Cola, Honeywell, Chubb, Statoil and Workday
Fri, 01 Dec 2017 13:44:01 +0000
The Zacks Analyst Blog Highlights: Coca-Cola, Honeywell, Chubb, Statoil and Workday

Honeywell Augments Fire Business With SCAME Acquisition
Fri, 01 Dec 2017 13:30:01 +0000
The acquisition of SCAME would create new business opportunities for Honeywell and make industrial sites across the globe more safe and secure.

Honeywell International Meets 80-Plus Relative Strength Rating Benchmark
Fri, 01 Dec 2017 08:00:00 +0000
Honeywell International sees its Relative Strength Rating hit the 80-plus level.

Top Analyst Reports for Coca-Cola, Honeywell & Chubb
Thu, 30 Nov 2017 22:13:10 +0000
Top Analyst Reports for Coca-Cola, Honeywell & Chubb

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