Honeywell (HON) Stock Trading Above 50-Day SMA: Should You Buy Now?
HONHoneywell(HON) ZACKS·2024-08-27 02:20

The industrial conglomerate Honeywell International Inc. (HON) crossed its 200-day simple moving average (SMA) on Aug 19, reaching a key support level from a technical perspective.  This reflects a positive market sentiment and confidence in the company's financial health and long-term prospects.HON Overtakes the 200-Day Moving AverageImage Source: Zacks Investment ResearchConsidering the past few days' price movement, the stock was seen outperforming the benchmarks, the broader industry as well as its majo ...