I think Honeywell Stock (HON) is getting ahead of itself. This trade in Honeywell Stock (HON) is taking advantage of the momentum currently pushing the stock higher. The 52 week high was $221.89 on January 13th (2022). The stock has recovered to within 1.36% of that high. PE is at 28 times which is high in the current market environment.
The trade alert covers the details.
The rest of this trade alert and ideas article is for FullyInformed Members.
Honeywell Stock (HON) – 3rd Trade Alert and Idea for Wed Nov 23 2022
Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.