Blue Chip Daily Chart of the Week:
Stop level for position traders and investors: $148.45
please see chart analysis below
- Honeywell (HON) is in a technical uptrend above the rising 20, 50, and 100 200-sma, and also the 200-sma, indicating an uptrend on multiple time frames.
- HON recently corrected 6% off of 6-month highs into the rising 20-sma.
- HON was up on the week and on the month vs $SPX which is down, showing improving relative strength.
- We have been positioned for a cyclical rotation over the last few months, which we have shared with our subscribers, and HON is very well positioned here.
- HON is on this week’s Top 25 Buy List, just published today.
- Join us now to get immediate access to my Top 25 large cap stock ideas right now, across a variety of industries. https://bluechipdaily.com/join-blue-chip-daily/
Have a great week,