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Watch for Honeywell Intl to Potentially Rebound After Falling 2.91% Yesterday

By Shiri Gupta

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.

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.

Honeywell Intl share prices have moved between a 52-week high of $167.72 and the current low of $138.33 and are currently at $138.53 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.8%.

Keywords: rebounders honeywell intl

Ticker(s): HON