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After Yesterday's Decline of 2.91%, Honeywell Intl Offers Investors Better Value

By James Quinn

Honeywell Intl (NYSE:HON) traded in a range yesterday that spanned from a low of $138.33 to a high of $140.32. Yesterday, the shares fell 2.9%, which took the trading range below the 3-day low of $142.51 on volume of 1.0 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Honeywell Intl have traded between the current low of $138.33 and a high of $167.72 and are now at $138.53. The 200-day and 50-day moving averages have moved 0.08% lower and 0.79% lower over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Honeywell Intl. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Honeywell Intl in search of a potential trend change.

Keywords: rebounders honeywell intl

Ticker(s): HON