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Honeywell Is Forming Bullish Chart Base

Published 01/10/2018, 01:39 PM
HON
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Very often, when the stock market stages a huge bull run like it did in 2017, it's difficult to find future stock winners. In markets like we are seeing now, many of the leaders have already broken out and are at or nearing overbought conditions. One stock that has caught my eye is Honeywell International (NYSE:HON). The stock looks to be forming a bullish base on the daily and weekly charts and it is important to note that the company will report earnings on January 26. Anytime a company reports earnings, it is very risky to hold a stock into that report. Another way to play Honeywell into the earnings season is to buy call options. I will be looking at this strategy later next week after the January options expiration.

Honeywell International

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