Honeywell International Inc. (NYSE: HON)

Honeywell International Inc. operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment provides turbine propulsion engines, auxiliary power units, environmental control and electric power systems, engine controls, flight safety, communications, navigation, radar and surveillance systems, and aircraft lighting products for aircraft manufacturers, airlines, business and general aviation, military, space, and airport operations, as well as offers management and technical, logistics, aircraft wheels and brakes, and repair and overhaul services.
Take a look at the 1-year chart of Honeywell (NYSE: HON) with the added notations:

HON has held a very important level of support at $90 (green) for most of the last 6 months. No matter what the market has done since February, HON always found support at that level when tested. Now, the stock has approached $90 again, and that might provide another bounce higher.

The Tale of the Tape: HON has a key level of support at $90. A trader could enter a long position at $90 with a stop placed under the level. If the stock were to break below the support, like a lot of stocks are doing lately, a short position would be recommended instead.
Please share this article