Honeywell's stock (HON) returned higher with a 1.39% profit in the last session, settling at 230.50 and tackling the current resistance of 231.20, amid the dominance of the main upward trend in the medium term, with support from the 50-day SMA, countered with negative signals from the RSI in an attempt to vent off overbought saturation.
Therefore we expect more gains for the stock, targeting the resistance of 238.55, provided the resistance of 231.20 was breached.
Expected trend for today: Bullish
Hewlett-Packard's stock (HPQ) returned higher with a 1.59% in the last session, while gathering momentum and venting off overbought saturation in the RSI, with negative signals from the RSI, amid the dominance of the main upward trend in the medium and short terms, with positive pressure from the 50-day SMA.
Therefore we expect more gains for the stock, targeting the resistance of 35.00, provided the support of 32.50 holds on.
Expected trend for today: Bullish
IBM's stock spiked 3.90% in the last session while trading alongside the upward medium-term trend line, with positive pressure from the 50-day SMA, coupled with positive signals from the RSI.
Therefore we expect more gains for the stock, targeting the resistance of 151.80, provided the support of 135.90 holds its ground.
Expected trend for today: Bullish
Johnson & Johnson's stock (JNJ) inched up 0.07% in the last session amid the dominance of the main upward trend in the medium term, with positive signals from the RSI despite reaching overbought levels, with support from the 50-day SMA.
Therefore we expect more gains for the stock, targeting the pivotal resistance of 173.57, provided the resistance of 166.18 was breached.
Expected trend for today: Bullish