• Return to Headlines

Bearish Moving Average Cross by Honeywell Intl (HON)

By James Quinn

Honeywell Intl (NYSE:HON) shares have crossed bearishly below their 10-day moving average of $137.18 on a volume of 602K 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.

Honeywell Intl share prices have moved between a 52-week high of $140.21 and a 52-week low of $105.25 and are now trading 30% above that low price at $136.69 per share. The 200-day and 50-day moving averages have moved 0.17% higher and 0.66% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Honeywell Intl on December 13th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $117.85. Since that recommendation, shares of Honeywell Intl have risen 16.8%. We continue to monitor HON for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses honeywell intl

Ticker(s): HON