The upward trend could spur Honeywell International in coming sessions.
According to Surperformance ratings, the group has strong fundamentals, both in terms of business predictability and valuation.
Honeywell International is in an uptrend in the medium and long term, although, the last bearish movement had throw it back near a major support level. This threshold, if preserved, will enable the equity to take advantage of the bullish movement. Moreover, the daily moving averages in this area will support the movement.
Investors should closely monitor the security near USD 100.7, to take advantage of renewed upward acceleration in the direction of USD 107.3.
A stop loss is placed under USD 99.