Honeywell International

Honeywell International (HON) operates as a diversified technology and manufacturing company worldwide. This stock closed up 2% to $90.29 in Monday's trading session.

Monday's Volume: 6.58 million
Three-Month Average Volume: 2.28 million
Volume % Change: 163%

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From a technical perspective, HON bounced notably higher here right above its 50-day moving average of $88.94 with above-average volume. This move is quickly pushing shares of HON within range of triggering a big breakout trade. That trade will hit if HON manages to take out Monday's high of $90.97 to $91.25 and then once it clears its 52-week high at $91.56 with strong volume.

Traders should now look for long-biased trades in HON as long as it's trending above its 50-day at $88.94 or above more near-term support levels at $88.43 or $88.12 and then once it sustains a move or close above those breakout levels with volume that's near or above 2.28 million shares. If that breakout hits soon, then HON will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $95 to $100, or even $105.

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