-
#6 – Honeywell International (HON)
Honeywell International (HON) is a diversified technology and manufacturing company. The stock
tripled in price from late 2002 to early 2007. But, in June 2008, the stock broke support and plunged. By November, it was trading for less than $24.
Get your FREE Guide to Technical Analysis here!The stock established a solid “W” base with support at the 200-day moving average at $32. Then, on Aug. 24, HON broke out from a triple-top on very
high volume — a signal that could drive the stock to my target of $50.Go after money doublers with every trade you make!
The old ways of investing don’t work anymore. But trading options founded on scientific principle can and does work in volatile times like these.
Learn how to leverage the power of technical analysis to identify the short window when a trade is set to go straight up or down. Get
your FREE copy here!Related Articles:
Six Off-the-Chart Bullish Plays
Article printed from InvestorPlace Media, http://www.investorplace.com/2009/08/technical-trades-top-stocks/.
©2012 InvestorPlace Media, LLC
Comments are currently unavailable. Please check back soon.