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Options Trading Alert: Honeywell International NYSE:HON

Profile: Honeywell International Inc. operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment provides turbine propulsion engines, auxiliary power units, environmental control systems, electric power systems, engine systems and accessories, avionics systems, aircraft and obstruction lighting systems, inertial sensor systems, control products, space products and subsystems, management and technical services, and landing systems for aircraft manufacturers, airlines, business and general aviation, military, space, and airport operations. The company’s Automation and Control Solutions segment offers environmental and combustion controls; sensing controls; security and life safety products and services; scanning and mobility devices; process automation products and solutions; and building solutions and services for homes, buildings, and industrial facilities. Its Specialty Materials segment provides resins and chemicals, hydrofluoric acid, fluorocarbons, fluorine specialties, nuclear services, research and fine chemicals, performance chemicals, imaging chemicals, chemical processing sealants, fibers and composites, specialty films, specialty additives, electronic chemicals, semiconductor materials and services, catalysts, adsorbents, specialties, and renewable fuels and chemicals for various applications in the refining, petrochemical, automotive, healthcare, agricultural, packaging, refrigeration, appliance, housing, semiconductor, wax, and adhesives segments, as well as offers process technology and equipment for the petrochemical and refining industries. The company’ Transportation Systems segment manufactures charge-air systems; thermal systems; aftermarket filters, spark plugs, electronic components, and car care products; and brake hard parts and other friction materials for passenger cars and commercial vehicles industry. Honeywell International was founded in Y 1920 and is HQ’d in Morris Township, New Jersey.

Website: http://www.honeywell.com

Headlines: Honeywell To Host Its Annual Investor Conference On Wednesday, March 6

http://finance.yahoo.com/news/honeywell-host-annual-investor-conference-150000358.html

Options Trading Review

HON options saw strong Call contract activity Wednesday. The number of Call contracts exceeded the number of Put contracts during session.

A low Put/Call Ratio PCR alert was raised on shares of Honeywell International where a total of 7,881 Put and 43,211 Call contracts were exchanged yielding a PCR of 0.18.

The ratio skew implies that investors are hedging their positions in anticipation of a stock move. Wednesday’s unusual volume activity confirms that traders are re-balancing their portfolios.

Investors use PCR statistics to measure trader sentiment.

A high PCR suggests that the overall investment sentiment is Bearish and that investors expect the underlying stock to decline in value.

A low PCR implies that investor sentiment is Bullish based on the large amount of Call options purchased.

HON shares are trading above there 20, 50 and 200-Day MAs.
Wednesday HON saw a low of 70.34 and high of 71.43 finishing -0.57, or -0.82% at 70.35.

Wednesday’s Volume: 4-M/shrs is greater than average volume 90 volume of 3-M/shares.

The Relative Strength Index indicator shows overbought conditions in here.

The 52 wk trading range is: 52.21 -71.43, a new 52 wk high.

Performance Metrics
Week Month Quarter Half Year Year
+1.20% +5.38% +20.38% +22.93% +23.40%
P/E: 19.17

EPS: 3.70

RSI: 64.34

DiviYield: 1.64, 2.31%

Next Earnings Date: 24 March 2013

Analysts Recommendation: Buy

1 yr Price Target Estimate: 81.40

Analysis Overall Short Intermediate Long
Bullish (0.47) Bullish (0.30) Very Bullish (0.60) Very Bullish (0.50)

Recent CandleStick Analysis Very Bearish
Date Candle
20 Feb 2013 Bearish Harami
13 Feb 2013 Bearish Harami

Open Gaps
Direction Date Range
up 5 Feb 2013 68.94 to 68.97
up 17 Jan 2013 66.73 to 66.74
up 2 Jan 2013 63.53 to 64.16
up 19 Nov 2012 59.3 to 59.72
up 6 Sept 2012 57.8 to 57.87

Support and Resistance
Type Value Conf.
resist. 72.01 1
resist. 70.39 8
supp 69.10 6
supp 68.07 5
supp 66.80 4
supp 65.60 2
supp 64.17 4
supp 63.53 3
supp 62.56 5
supp 61.71 4
supp 60.20 2
supp 59.31 3
supp 58.93 2
supp 57.83 2
supp 57.37 2

Technical Indicators
Ind. Short Inter Long
EMA VBu VBu VBu
MACD VBe VBu VBu
RSI Bu
TDD Bu
Fibs VBu VBu VBu
Highs VBu N N
Lows VBu N N
Trends VBu VBu N
Stoch. VBu
VBu=Very Bullish, Bu=Bullish
N=Neutral
Be=Bearish, VBe=Very Bearish