• Return to Headlines

After Yesterday's Rally of 1.12% Shares Could Potentially Pullback

By Amy Schwartz

Honeywell Intl (NYSE:HON) traded in a range yesterday that spanned from a low of $147.69 to a high of $149.00. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $148.13 on volume of 630,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Honeywell Intl has traded in a range of $105.25 to $165.13 and is now at $148.50, 41% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.7%.

SmarTrend is tracking the current trend status for Honeywell Intl and will alert subscribers who have HON in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders honeywell intl

Ticker(s): HON