The Relative Strength (RS) Rating for Honeywell International stock moved up into a new percentile Wednesday, as it got a lift from 68 to 72.
When To Sell Stocks To Lock In Profits And Minimize Losses
IBD's unique rating tracks price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research shows that the best stocks typically have an 80 or higher RS Rating as they begin their biggest runs. See if Honeywell International can continue to show renewed price strength and hit that benchmark.
Is Honeywell International Stock A Buy?
Honeywell International stock is trading within a buying range after clearing a 230.47 entry in a cup with handle. The proper buying range extends to 5% above the initial entry. Once a stock moves above that range, it's best to hold off investing and wait for it to set up another buying opportunity..
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 7%, compared to -8% in the prior report. Revenue increased from 7% to 8%. Keep an eye out for the company's next round of numbers on or around Jul. 24.
Honeywell International stock earns the No. 5 rank among its peers in the Diversified Operations industry group. Crane is the No. 1-ranked stock within the group.
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