Blue Chip Daily Chart of the Week

Blue Chip Daily Chart of the Week:
Close: $168.70
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.


Have a great week,

Larry Tentarelli




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