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

By David Diaz

Honeywell International (NYSE:HON) crossed under its 10-day moving average of $114.54 on a volume of 655K shares. Swing traders may find 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 $116.56 and is now at $114.08, 31% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has risen 0.2%.

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 $101.66. Since that recommendation, shares of Honeywell International have risen 12.8%. 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