Bearish Moving Average Cross by Honeywell International (HON)
Honeywell International (NYSE:HON) crossed under its 10-day moving average of $116.17 on a volume of 325K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.
Over the past year, Honeywell International has traded in a range of $87.00 to $120.02 and is now at $115.96, 33% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has risen 0.2%.
SmarTrend is tracking the current trend status for Honeywell International and will alert subscribers who have HON in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses Honeywell International