Honeywell (HON) Offering Possible 10.13% Return Over the Next 8 Calendar Days

Honeywell’s most recent trend suggests a bullish bias. One trading opportunity on Honeywell is a Bull Put Spread using a strike $165.00 short put and a strike $160.00 long put offers a potential 10.13% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $165.00 by expiration. The full premium credit of $0.46 would be kept by the premium seller. The risk of $4.54 would be incurred if the stock dropped below the $160.00 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 61.8 level which suggests that the stock is neither overbought nor oversold at this time.

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Mon, 09 Sep 2019 18:34:06 +0000
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Honeywell (HON) Displays Bright Prospects, Risks Remain
Mon, 09 Sep 2019 12:20:12 +0000
Strong commercial aftermarket & defense businesses, and solid demand for Honeywell (HON) commercial fire & security products are likely to drive revenues. Soft productivity products business is a woe.

Honeywell Enters Into Partnership With Apparel Logistics
Fri, 06 Sep 2019 14:41:02 +0000
Honeywell’s (HON) partnership with The Apparel Logistics Group will help the latter to expand e-commerce order output, strengthen productivity and boost its value-added services capability.

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