What's your outlook for Honeywell (HON)?

JohnsonAndLewis answered one year ago …

Honeywell International (HON) stock has seen some nice support at the $25 level. With its recent run-up to near $30, though, it may be time to revisit that support.
The stock has been unable to take out the 50-day moving average after moving above it recently.

Optimism is prevalent toward HON, which gives us our bearish slant toward the stock. The put/call ratio is in the bottom 25% of all readings of the past year and is rising slowly. Three-quarters of covering analysts rate the shares a "Buy," which is very generous these days. And short interest hardly exists, taking a short-covering rally out of the picture.

The bottom line is that HON looks vulnerable for at least a few points to the downside.