Tuesday, March 27, 2018 11:45:18 AM
Leading diversified technology and manufacturing company Honeywell International Inc (NYSE:HON) has been under pressure since late January. This leading stock topped out on January 29th, 2018 at $165.13 a share. Since that high in the stock, the shares have declined sharply lower. Today, HON stock is trading at $146.40 a share. Traders should note that the important 200-day moving average was tested last Friday. This pattern tells us that the stock should still have further downside in the coming weeks. The next major support level for HON stock will be around the $139.00 area. This is where the stock broke out in September 2017. As many of you know by now, prior breakout levels will serve as very good support when initially retested.
Nicholas Santiago
InTheMoneyStocks
Recent HON News
FEATURED Cannabix's Breath Logix Alcohol Device Delivers Positive Impact to Private Monitoring Agency in Montana, USA • Apr 25, 2024 8:52 AM
Bantec Reports an Over 50 Percent Increase in Sales and Profits in Q1 2024 from Q1 2023 • BANT • Apr 25, 2024 10:00 AM
Kona Gold Beverages, Inc. Announces Name Change to NuVibe, Inc. and Initiation of Ticker Symbol Application Process • KGKG • Apr 25, 2024 8:30 AM
Axis Technologies Group and Carbonis Forge Ahead with New Digital Carbon Credit Technology • AXTG • Apr 24, 2024 3:00 AM
North Bay Resources Announces Successful Equipment Test at Bishop Gold Mill, Inyo County, California • NBRI • Apr 23, 2024 9:41 AM
Epazz, Inc.: CryObo, Inc. solar Bitcoin operations will issue tokens • EPAZ • Apr 23, 2024 9:20 AM
