New York, March 15th (TradersHuddle.com) - Shares of Honeywell International, Inc. (NYSE:HON) are trading very close to calculated resistance at $43.13 with the current price action closing at just $42.97 placing the stock near levels that make it difficult to buy.

Honeywell?s (NYSE:HON) principal activity is that of a diversified technology and manufacturing company. It serves customers worldwide with aerospace products and services, control, sensing and security technologies for buildings, homes and industry, turbochargers, automotive products, specialty chemicals, electronic and advanced materials and process technology for refining and petrochemicals etc. It also manufactures engine boosting systems for passenger cars and commercial vehicles.

Honeywell's current stock range is defined by current calculated support defined at $36.68 and by the resistance level at $43.13, the stock is clearly over-extended from support, making it difficult to establishing new long positions at this level.

Traders don't have a clear entry point for Honeywell, as the stock is well above support, however, as the stock pulls back towards $36.68 it will definitely provide a reference point to establish a trade. On the other hand if the stock decides to break above resistance level at $43.13 then traders will get an opportunity to enter Honeywell stock by establishing a position as the stock moves to a higher range.