Honeywell (HON) Offering Possible 9.29% Return Over the Next 32 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 9.29% return on risk over the next 32 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 $0.85 would be kept by the premium seller. The risk of $9.15 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 39.55 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

Goldilocks vs. the 3 bears
Tue, 16 Dec 2014 23:00:00 GMT

First Propylene Production Unit Using Technology From Honeywell's UOP Reaches Project Capacity In Russia, Helping Offset Worldwide Propylene Shortage
Tue, 16 Dec 2014 15:08:35 GMT
noodls – Text Size: 12/16/2014 First Propylene Production Unit Using Technology From Honeywell's UOP Reaches Project Capacity In Russia, Helping Offset Worldwide Propylene Shortage UOP Oleflex™ technology meeting …

3M Raises Dividend, Still Bullish On China Growth
Tue, 16 Dec 2014 14:38:00 GMT

First Propylene Production Unit Using Technology From Honeywell's UOP Reaches Project Capacity In Russia, Helping Offset Worldwide Propylene Shortage
Tue, 16 Dec 2014 14:10:00 GMT
PR Newswire – DES PLAINES, Ill., Dec. 16, 2014 /PRNewswire/ — UOP LLC, a Honeywell (HON) company, announced today that UOP C3 Oleflex™ process technology started up and has been successfully operating in Russia, producing high-quality propylene to help meet the global supply shortage of the valuable plastics building block. Russia's OOO Tobolsk-Polymer facility, which became the largest Oleflex production unit in the world, is meeting design capacity of 510,000 metric tons annually (MTA) of propylene at its facility in Western Siberia. “Petrochemical makers are installing additional propylene capacity to meet growing demand and to make up for the shortage of propylene production from traditional refining and petrochemical sources,” said Pete Piotrowski, senior vice president and general manager of UOP's Process Technology and Equipment business unit.

Ruble freefalls to all-time lows
Tue, 16 Dec 2014 14:03:00 GMT

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