Honeywell International INC’s stock price (HON) fell in the intraday levels on profit-taking, as it gathers positive momentum to rise anew, while venting off overbought saturation in the RSI with negative signals coming out of them, amid the dominance of the upward short-term trend, with positive pressure from trading above the 50-day SMA.

Therefore we expect the stock to return higher, targeting the pivotal resistance of $210.60, provided it settles above $200.00.

Trend forecast: Likely Bullish