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Shares of Honeywell International Has Risen Above Previous 52-Week High

By David Diaz

Shares of Honeywell International (NYSE:HON) traded today at $118.11, breaking its 52-week high. This new high was reached on below average trading volume as 549,000 shares traded hands, while the average 30-day volume is approximately 2.7 million shares.

Honeywell International Inc. is a diversified technology and manufacturing company with operations around the world. The Company provides aerospace products and services, control technologies, automotive products, and power generation systems. Honeywell also provides specialty chemicals, fibers, plastics, and electronic and advanced materials.

Based on a current price of $118.05, Honeywell International is currently 3.5% above its average consensus analyst price target of $113.95. The stock should discover initial support at its 50-day moving average (MA) of $111.44 and subsequent support at its 200-day MA of $103.88.

In the past 52 weeks, Honeywell International share prices have been bracketed by a low of $87.00 and a high of $118.11 and are now at $118.05, 36% above that low price. 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 January 29th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $101.65. Since that recommendation, shares of Honeywell International have risen 14.0%. We continue to monitor HON for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows Honeywell International

Ticker(s): HON