Honeywell (HON) Offering Possible 9.17% 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 $110.00 short call and a strike $120.00 long call offers a potential 9.17% 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 $110.00 by expiration. The full premium credit of $0.84 would be kept by the premium seller. The risk of $9.16 would be incurred if the stock rose above the $120.00 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 27.79 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

Jim Cramer's ‘Mad Money' Recap: Don't Play the Short-Term Market Game
Fri, 14 Oct 2016 00:30:00 GMT

Honeywell CEO Cote admits ‘I was wrong' for not painting …
Thu, 13 Oct 2016 22:00:00 GMT

Honeywell files 8K
Thu, 13 Oct 2016 21:20:00 GMT

Helen of Troy Unveils New Compact AirGenius 4 Air Cleaner
Thu, 13 Oct 2016 20:57:08 GMT

HONEYWELL INTERNATIONAL INC Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits
Thu, 13 Oct 2016 20:52:40 GMT

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