A look at Honeywell International Inc. — Still in the Sweet Spot
Honeywell International Inc. ($HON) averages are at $90.07 (21 day SMA), $89.27 (50 day SMA), $83.26 (200 day SMA). Over the past 52 weeks HON has traded from a low of $68.84 to a high of $92.15. HON was last at $91.08 on a volume of 1,786,290. Average daily volume has been at 2,623,341.
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Honeywell International (HON) has been walking up along the 50-day moving average for more than a year, where the bulls start buying the stock as soon as it tags this key intermediate term moving average. The stock has tested the 50-day moving average several times over the past two weeks and continues to move higher.
Technical traders might want to watch the $90 price level. Any pullback to that level puts the stock extremely close to support. A long position can then be taken with a small degree of risk.
Honeywell International, Inc. is a technology & manufacturing company, which serves customers with aerospace products & services, control, sensing and security technologies for buildings, homes and industry, turbochargers, automotive products, chemicals.
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