Honeywell (HON) Offering Possible 9.65% Return Over the Next 9 Calendar Days

Honeywell's most recent trend suggests a bearish bias. One trading opportunity on Honeywell is a Bear Call Spread using a strike $157.50 short call and a strike $162.50 long call offers a potential 9.65% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $157.50 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 rose above the $162.50 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 63.56 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 UOP Business Gets New Contracts
Mon, 06 Aug 2018 12:04:03 +0000
Honeywell’s (HON) UOP business has continued its growth momentum. Last week, the UOP business signed three new contracts. Honeywell’s UOP business will supply its Polybed Pressure Swing Adsorption technology to Hubei Sanning Chemical Industry to supply high-quality hydrogen.

See what the IHS Markit Score report has to say about Honeywell International Inc.
Mon, 06 Aug 2018 12:00:20 +0000
Honeywell International Inc NYSE:HON

Diversified Operations Outlook: Near-Term Prospects Bright
Fri, 03 Aug 2018 21:40:09 +0000
Diversified Operations Outlook: Near-Term Prospects Bright

Bezos throws cash, engineers at rocket programme as space race accelerates
Fri, 03 Aug 2018 17:14:26 +0000
Amazon.com founder Jeff Bezos is racing to pull his private space company out of start-up mode and move into production amid signals that his firm's heavy rocket set for lift-off in 2020 may slip behind schedule, according to people familiar with the project. Blue Origin has added hundreds of engineers over the past three years and continues to ramp up in an expansion that one employee described as “hyperbolic.” The Kent, Washington-based company is looking to double its current workforce to around 3,000 employees over the next two to three years, a top customer told Reuters. The urgency centres on a rocket dubbed New Glenn.

FOCUS-Bezos throws cash, engineers at rocket program as space race accelerates
Fri, 03 Aug 2018 12:00:00 +0000
Amazon.com founder Jeff Bezos is racing to pull his private space company out of start-up mode and move into production amid signals that his firm's heavy rocket set for lift-off in 2020 may slip behind schedule, according to people familiar with the project. Blue Origin has added hundreds of engineers over the past three years and continues to ramp up in an expansion that one employee described as “hyperbolic.” The Kent, Washington-based company is looking to double its current workforce to around 3,000 employees over the next two to three years, a top customer told Reuters. The urgency centers on a rocket dubbed New Glenn.

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