Honeywell (HON) Offering Possible 8.7% Return Over the Next 19 Calendar Days

Honeywell's most recent trend suggests a bullish bias. One trading opportunity on Honeywell is a Bull Put Spread using a strike $92.50 short put and a strike $87.50 long put offers a potential 8.7% return on risk over the next 19 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $92.50 by expiration. The full premium credit of $0.40 would be kept by the premium seller. The risk of $4.60 would be incurred if the stock dropped below the $87.50 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 75.69 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

Judge won't block Honeywell health screenings
Tue, 04 Nov 2014 02:55:34 GMT

Judge won't block Honeywell health screenings
Tue, 04 Nov 2014 02:55:34 GMT

U.S. judge denies EEOC bid to stop Honeywell wellness penalty
Mon, 03 Nov 2014 22:24:05 GMT

Honeywell Hikes Dividend by 15% to Reward Shareholders
Mon, 03 Nov 2014 21:18:17 GMT

Honeywell Fends Off EEOC Bid to Bar Wellness Penalty
Mon, 03 Nov 2014 18:18:26 GMT
Bloomberg – Honeywell International Inc. (HON) defeated the Equal Employment Opportunity Commission’s bid for a court order preventing it from penalizing workers who don’t participate in a corporate wellness program. District Judge Ann Montgomery in Minneapolis denied the agency’s request to block the company from assessing the health insurance-related surcharges. Montgomery was asked to decide whether the wellness program, which Honeywell said was enacted in furtherance of President Barack Obama’s Affordable Care Act, conflicts with other federal laws. Honeywell, a maker of products including life support systems for human space travel and home thermostats, is one of many U.S.

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