• Return to Headlines

Bearish Moving Average Cross by Honeywell International (HON)

By Amy Schwartz

Today, shares of Honeywell International (NYSE:HON) have crossed bearishly below their 10-day moving average of $116.13 on a volume of 510K shares. This may provide swing traders with an opportunity 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 $118.53 and is now at $115.20, 32% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.7%.

SmarTrend recommended that subscribers consider buying shares of Honeywell International on January 29th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $101.65. Since that recommendation, shares of Honeywell International have risen 15.4%. We continue to monitor HON for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Honeywell International

Ticker(s): HON