Important Stocks To Watch - Breakout Stocks/ Important Developments

Long Term Breakouts To Watch

Stocks At 50 MA & 200 MA

Honeywell's Stock Breaks Out Of Consolidation

After a recent consolidation near the 20 MA, Honeywell's stock has finally broken out of the consolidation.

A breakout of consolidation in an uptrend shows that the stock wants to go higher. Since HON is in an established uptrend, it is very likely that it will continue to move higher.

With the stock staying above its rising daily 20 MA and 50 MA most of the time, we can consider this stock to be in a strong uptrend. A stock that is in an uptrend will usually continue to go higher.

Consolidations are just periods of rest.

A consolidation at the 20 MA can be tradeable and traders can buy the breakout with a stop below the lows of the consolidation box.

We can often get a price target by taking the height of the previous move and then projecting it upwards from the base of the consolidation to get a realistic price target. If the move up is successful, it seems that Honeywell still has some way to go before it hits the target.

Charts with the Freestockcharts.com label are courtesy of Freestockcharts.com

Charts with the investing.com logo are courtesy of Investing.com powered by Trading View

  • Help support this page and press the Facebook Like button below. Thanks!

Join Dstockmarket's Facebook Page 

Recent Articles

  1. Stock Market Analysis May 2022

    May 05, 22 10:24 AM

    What is the market doing and what is it likely to do?

    Read More

  2. April 2022 Stock Market Analysis

    Apr 27, 22 09:01 AM

    As we enter April, will we continue to move higher or will there be a correction coming?

    Read More

  3. Technical Analysis Of AAPL : Making Sense Of Apple's Stock Price

    Apr 13, 22 11:46 PM

    Apple is one of those stocks that we should look at almost every day. The reasons is because it is a component of the Dow Jones, the S&P 500 and the Nasdaq.

    Read More

  4. Stocks At Their 50 MA And 200 MA

    Apr 12, 22 09:38 AM

    Here are a list of stocks that are at their 50 MA and 200 MA. The 50 day moving average and 200 day moving average can be a support area where stocks bounce off

    Read More

  5. Stocks To Watch - Important Developments

    Apr 12, 22 09:34 AM

    Here are a list of stocks that have broke out or about to break out. Breakout stocks can often give us a good reward to risk ratio.

    Read More

New! Comments

Have your say about what you just read! Leave me a comment in the box below.