Stock Of The Day: Honeywell's Breakout May Stall At Familiar Resistance Zone
1. HON shares rallied over 5% after earnings report of $2.51 per share. 2. Earnings exceeded expectations, beating the Street's forecast of $2.21. 3. Investor psychology, particularly buyer's remorse, impacts trading behavior. 4. Previous support at $216 has turned into resistance due to sell orders. 5. Resisting sell orders could hinder HON price movement if it retests $216.