Honeywell Offering Possible 7.99% Return Over the Next 10 Calendar Days

Honeywell's most recent trend suggests a bullish bias. One trading opportunity on Honeywell is a Bull Put Spread using a strike $92.50 short put and a strike $87.50 long put offers a potential 7.99% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $92.50 by expiration. The full premium credit of $0.37 would be kept by the premium seller. The risk of $4.63 would be incurred if the stock dropped below the $87.50 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 64.55 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

Pentagon Awards $466 Million in Defense Contracts Wednesday
Thu, 13 Feb 2014 00:10:00 GMT

Honeywell To Present At Barclays Industrial Select Conference
Wed, 12 Feb 2014 16:58:52 GMT
noodls – MORRIS TOWNSHIP, N.J., Feb. 12, 2014 /PRNewswire/ — Honeywell (NYSE: HON) today announced that David J. Anderson, Senior Vice President & Chief Financial Officer, and Thomas A. Szlosek, Vice President, …

Honeywell Set to Launch New Turbo Applications
Wed, 12 Feb 2014 16:10:06 GMT

Honeywell Pumps Up Energy Savings At California's East Valley Water District
Wed, 12 Feb 2014 15:00:00 GMT
PR Newswire – MINNEAPOLIS, Feb. 12, 2014 /PRNewswire/ — Honeywell (HON) today announced it will be working with East Valley Water District (EVWD) of Highland, Calif., to improve water distribution systems and reduce utility costs through a combined energy conservation and automated demand response (ADR) program. The project is the first of its kind among municipal water authorities nationwide and, when complete, is expected to reduce annual energy costs by $523,000. The project will be financed through a 10-year, $4-million energy performance contract with Honeywell, allowing the water district to pay for the upgrades through the anticipated savings, which the company guarantees. As a result, the program should provide the needed improvements without requiring EVWD to invest upfront capital.

Honeywell To Present At Barclays Industrial Select Conference
Wed, 12 Feb 2014 14:58:00 GMT
PR Newswire – MORRIS TOWNSHIP, N.J., Feb. 12, 2014 /PRNewswire/ — Honeywell (NYSE: HON) today announced that David J. Anderson, Senior Vice President & Chief Financial Officer, and Thomas A. Szlosek, Vice President, …

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