Stock Traders Daily has selected Honeywell International Inc. (NYSE:HON) as the Stock of the Week

September 12, 2016, 11:20 am ET, BY Thomas H. Kee Jr- Editor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Stock Traders Daily has selected Honeywell International Inc. (NYSE:HON) as the Stock of the Week for the week ending September 16, 2016.  This is being made in conjunction with our Stock of the Week strategy, which began in December of 2007 and was able to secure substantial gains during 2008, a year in which the market itself fell aggressively.  Many consider the Stock of the Week strategy to be the best performing strategy on the market since December of 2007.

This observation is largely technical and driven by a combined technical analysis that incorporates market observations and stock specific observations for HON to develop a correlated trading plan.

Basically, if the market moves along the same lines as our observations the trading plan we set forth for Honeywell is expected to work in our favor and profitably.

Thus far the market is doing exactly what we expected it to do.

Fundamental observations are offered below and additional information about the Stock of the Week strategy is available in the main menu through our strategies section.

Support and Resistance Plot Chart for HON

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