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Bullish Moving Average Cross by Honeywell International (HON)

By James Quinn

Honeywell International (NYSE:HON) crossed over its 10-day moving average of $123.90 on a volume of 2.5 million 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.

Over the past year, Honeywell International has traded in a range of $87.00 to $127.52 and is now at $127.06, 46% 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 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 5.0%. 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