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Honeywell International Crosses Below its 10-day MA (HON)

By Amy Schwartz

Today, shares of Honeywell International (NYSE:HON) have crossed bearishly below their 10-day moving average of $131.28 on a volume of 233K 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.

Honeywell International share prices have moved between a 52-week high of $135.00 and a 52-week low of $87.00 and are now trading 51% above that low price at $131.13 per share. 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 11.8%. We continue to monitor HON for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Honeywell International

Ticker(s): HON