• Return to Headlines

Bullish Moving Average Cross by Honeywell International (HON)

By Amy Schwartz

Honeywell International (NYSE:HON) shares have crossed bullishly above their 10-day moving average of $124.59 on a volume of 310K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Honeywell International share prices have been bracketed by a low of $87.00 and a high of $127.52 and are now at $124.85, 44% above that low price. 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 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 International have risen 5.4%. 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