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Look for Shares of Honeywell Intl to Potentially Pullback after Yesterday's 1.12% Rise

By David Diaz

Honeywell Intl (NYSE:HON) traded in a range yesterday that spanned from a low of $164.63 to a high of $165.74. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $164.61 on volume of 887,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Honeywell Intl share prices have moved between a 52-week high of $165.68 and a 52-week low of $136.86 and are now trading 21% above that low price at $165.57 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Honeywell Intl on August 21st, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $156.65. Since that recommendation, shares of Honeywell Intl have risen 4.6%. We continue to monitor HON for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders honeywell intl

Ticker(s): HON