Honeywell International saw a positive improvement to its Relative Strength (RS) Rating on Wednesday, with an upgrade from 64 to 75.
IBD's proprietary rating measures market leadership with a 1 (worst) to 99 (best) score. The rating 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 market's biggest winners typically have an RS Rating north of 80 as they begin their biggest price moves. See if Honeywell International can continue to rebound and clear that threshold.
When To Sell Stocks To Lock In Profits And Minimize Losses
Honeywell International has climbed more than 5% past a 220.79 entry in a first-stage cup without handle, meaning it's now out of a proper buy range. Look for the stock to create a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week line.
The company showed 8% EPS growth in its most recent report, while sales growth came in at 6%.
The company earns the No. 5 rank among its peers in the Diversified Operations industry group. Crane is the top-ranked stock within the group.
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