Honeywell’s most recent trend suggests a bullish bias. One trading opportunity on Honeywell is a Bull Put Spread using a strike $160.00 short put and a strike $155.00 long put offers a potential 7.76% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $160.00 by expiration. The full premium credit of $0.36 would be kept by the premium seller. The risk of $4.64 would be incurred if the stock dropped below the $155.00 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 77.6 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
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[$$] Resideo Names CFO, Board Ahead of Spinoff From Honeywell
Wed, 12 Sep 2018 15:08:23 +0000
Resideo Technologies has named its chief financial officer and board of directors as it prepares to become a stand-alone public company after it goes through the planned spinoff from manufacturing conglomerate …
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Honeywell Spinoff Resideo Announces Key Leadership And Stock Exchange Selection
Wed, 12 Sep 2018 12:30:00 +0000
MORRIS PLAINS, N.J., Sept. 12, 2018 /PRNewswire/ — As part of final preparations for its planned spinoff from Honeywell (HON), Resideo Technologies, Inc., announced the selection of an experienced chief financial officer, the composition of its full board of directors, and its intention to list on the New York Stock Exchange under the ticker symbol “REZI” when trading begins on a to-be-announced date.
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