Check Out What Whales Are Doing With HON
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bearish stance on Honeywell Intl (NASDAQ:HON), with 63% of the investors opening trades with bearish expectations. The whale has been targeting a price range from $150.0 to $220.0 for Honeywell Intl over the last 3 months. The price of HON is up 0.53% at $195.5, and RSI indicators suggest that the stock may be approaching overbought. Next earnings are expected to be released in 37 days.
September 19, 2023 | 8:01 pm
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A whale investor has taken a bearish stance on Honeywell Intl (NASDAQ:HON), with the majority of investors opening trades with bearish expectations. The stock price is currently up, but RSI indicators suggest it may be approaching overbought.
The bearish stance taken by a whale investor, along with the majority of investors, indicates a potential downward trend for Honeywell Intl's stock in the short term. The current rise in stock price and the RSI indicators suggesting an overbought situation further support this prediction.
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