Honeywell Offering Possible 7.99% Return Over the Next 30 Calendar Days

Honeywell's most recent trend suggests a bullish bias. One trading opportunity on Honeywell is a Bull Put Spread using a strike $82.50 short put and a strike $77.50 long put offers a potential 7.99% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $82.50 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 $77.50 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 62.54 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

Notable companies reporting before tomorrow's open
Thu, 17 Oct 2013 19:21:26 GMT
theflyonthewall.com – Notable companies reporting before tomorrow's open

Whisper Number: What Will Honeywell’s Shares Do Post-Earnings?
Thu, 17 Oct 2013 19:01:06 GMT
Wall St. Cheat Sheet – Honeywell has a 43 percent positive surprise history, having topped the whisper in 13 of the 30 earnings reports for which we have data.

InPlay: Honeywell's UOP, Gazprom Neft (GZPFY), and ExxonMobil (XOM) Research and Engineering Finalize Technology Licensing Agreement
Thu, 17 Oct 2013 13:09:12 GMT

Gazprom Neft, Honeywell's UOP and ExxonMobil Research and Engineering Company Finalize Technology Licensing Agreement
Thu, 17 Oct 2013 13:00:00 GMT
PR Newswire – DES PLAINES, Ill. and FAIRFAX, Va., Oct. 17, 2013 /PRNewswire/ — UOP LLC (UOP), a Honeywell company, and ExxonMobil Research and Engineering Company (EMRE) have finalized a technology licensing agreement …

Can Honeywell Earnings Put It Into United Tech and General Electric's League?
Thu, 17 Oct 2013 12:41:57 GMT
Motley Fool – The conglomerate isn't as large as United Technologies or General Electric, and Honeywell earnings will need to ride Boeing's coattails higher in order to satisfy investors.

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