Honeywell (HON) Stock Trading Above 50-Day SMA: Should You Buy Now?

The industrial conglomerate Honeywell International Inc. (HON) crossed its 200-day simple moving average (SMA) on Aug 19, reaching a key support level from a technical perspective. This reflects a positive market sentiment and confidence in the company's financial health and long-term prospects. HON Overtakes the 200-Day Moving Average Image Source: Zacks Investment Research Considering the past few days' price movement, the stock was seen outperforming the benchmarks, the broader industry as well as its ma ...