Honeywell (HON) Offering Possible 9.65% Return Over the Next 15 Calendar Days

Honeywell's most recent trend suggests a bullish bias. One trading opportunity on Honeywell is a Bull Put Spread using a strike $155.00 short put and a strike $150.00 long put offers a potential 9.65% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $155.00 by expiration. The full premium credit of $0.44 would be kept by the premium seller. The risk of $4.56 would be incurred if the stock dropped below the $150.00 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 71.2 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 To Present At Vertical Research Partners 2018 Global Industrials Conference
Tue, 04 Sep 2018 21:36:00 +0000
MORRIS PLAINS, N.J. , Sept. 4, 2018 /PRNewswire/ — Honeywell ( NYSE: HON ) announced that Greg Lewis , Senior Vice President and Chief Financial Officer, will present at the Vertical Research Partners …

Honeywell Installed a Connected Plant in Japan
Tue, 04 Sep 2018 12:16:26 +0000
On August 30, Honeywell announced that it implemented Connected Plant Asset Performance at its Kodama plant located in Saitama, Japan. Monitoring asset performance on a centralized platform will help improve plant efficiency. Shinichi Sakata, business leader of Honeywell Process Solutions, Japan, said, “This is another great example of how Honeywell Connected Plant can bring existing facilities to the next level of data-driven optimization.

Should You Invest in the Fidelity MSCI Industrials Index ETF (FIDU)?
Mon, 03 Sep 2018 12:58:12 +0000
Sector ETF report for FIDU

3M’s Valuations Compared to Its Peers
Fri, 31 Aug 2018 13:31:57 +0000
As of August 30, 3M’s (MMM) one-year forward PE multiple is 19.24x. In comparison, Honeywell (HON) and Stanley Black & Decker (SWK) have one-year forward PE multiples of ~18.5x and 15.60x, respectively. The forward PE multiple takes future earnings into consideration.

3M: Institutional Investors’ Activities
Fri, 31 Aug 2018 13:31:56 +0000
The 13F filings on June 30 indicated that institutional investors own 67.3% of 3M’s (MMM) outstanding shares. Of the 2,036 institutional investors that held 3M, 818 increased their positions, 911 reduced their positions, and 307 maintained their positions. The institutional investors were net sellers in 3M, which indicates bearishness towards the stock.

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