Honeywell's most recent trend suggests a bearish bias. One trading opportunity on Honeywell is a Bear Call Spread using a strike $95.00 short call and a strike $100.00 long call offers a potential 8.93% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $95.00 by expiration. The full premium credit of $0.41 would be kept by the premium seller. The risk of $4.59 would be incurred if the stock rose above the $100.00 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 46.9 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Honeywell
Siemens and France weigh in as GE eyes Alstom deal
Sun, 27 Apr 2014 19:45:24 GMT
Siemens offers cash, trains swap for Alstom power: report
Sun, 27 Apr 2014 18:07:03 GMT
Siemens offers cash, trains swap for Alstom power – report
Sun, 27 Apr 2014 16:48:10 GMT
Siemens weighs in as GE prepares Alstom power deal
Sun, 27 Apr 2014 09:57:31 GMT
GE boss to meet French minister as Alstom deal progresses
Sat, 26 Apr 2014 18:52:18 GMT
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