Honeywell (HON) Offering Possible 9.53% Return Over the Next 23 Calendar Days

Honeywell's most recent trend suggests a bullish bias. One trading opportunity on Honeywell is a Bull Put Spread using a strike $145.00 short put and a strike $135.00 long put offers a potential 9.53% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $145.00 by expiration. The full premium credit of $0.87 would be kept by the premium seller. The risk of $9.13 would be incurred if the stock dropped below the $135.00 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 60.16 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’s Aerospace Revenue Flies High
Mon, 23 Apr 2018 21:20:02 +0000
Honeywell International’s (HON) Aerospace segment is the company’s most significant revenue contributor. It accounted for 38.3% of the company’s 1Q18 revenue and 37.4% of its 1Q17 revenue, marking a gain of 0.9 percentage points YoY (year-over-year). In 1Q18, the segment’s revenue rose 12.1% YoY to $4.0 billion from $3.6 billion.

Defense Stock Roundup: TXT Tops Q1 Earnings, LMT Wins Deals, ERJ Deliveries Slip
Mon, 23 Apr 2018 21:19:09 +0000
Over the last five trading sessions, a stellar performance of the major defense biggies as well as a generous flow of funds from the Pentagon helped the major indices of the Aerospace-Defense industry to end in the green.

Honeywell Reports Record 1st-Quarter Revenue in 1Q18
Mon, 23 Apr 2018 19:50:02 +0000
Honeywell International (HON) reported revenue of $10.4 billion in 1Q18, marking a 9.5% increase from 1Q17. Honeywell beat analysts’ estimate of $10.0 billion and marked its highest-ever first-quarter revenue. Since 2012, Honeywell’s first quarter revenue has grown at a compound annual rate of 2.2%. Its product sales rose 9.2% in 1Q18, and its service sales rose 10.5%.

Honeywell Declares Quarterly Dividend
Mon, 23 Apr 2018 14:14:00 +0000
MORRIS PLAINS, N.J. , April 23, 2018 /PRNewswire/ — The Board of Directors of Honeywell (NYSE: HON) has declared a regular quarterly dividend of $0.745 per share on the company's outstanding common stock. …

Company News For Apr 23, 2018
Mon, 23 Apr 2018 14:03:02 +0000
Companies in the news are: GE,RF,HON,ETFC

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