Honeywell International (HON) NewsBite - Bailout Worries Pull Down HON
Wed. October 01, 2008; Posted: 11:31 AM
Oct 01, 2008 (Fresh Brewed Media via COMTEX) --
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PowerRating -- Honeywell International (NYSE:
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PowerRating) opened at $41.18. So far today, the stock has hit a low of $39.91 and a high of $41.18. HON is now trading at $39.97, down $1.58 (-3.80%). Over the last 52 weeks the stock has ranged from a low of $39.27 to a high of $62.99. HON shares are declining today ahead of the Senate's vote on the financial sector bailout. While the plan is expected to pass the Senate, investors are still concerned that the House may not pass an amended version of the bill. Technical indicators for the stock are bullish and S&P gives HON a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on HON the stock seems like it could be a candidate for an October out-of-the-money bear-call credit spread above the 45 range.
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For full details on Honeywell International (HON)
click here. Honeywell International (HON) has Short Term PowerRatings of 5. Details on Honeywell International (HON) Short Term PowerRatings is available at
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