3M’s most recent trend suggests a bullish bias. One trading opportunity on 3M is a Bull Put Spread using a strike $120.00 short put and a strike $110.00 long put offers a potential 10.38% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $120.00 by expiration. The full premium credit of $0.94 would be kept by the premium seller. The risk of $9.06 would be incurred if the stock dropped below the $110.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for 3M is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for 3M is bullish.
The RSI indicator is at 62.98 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for 3M
General Electric’s Industrial Revolution
Fri, 18 Oct 2013 17:12:00 GMT
Barrons.com – General Electric (GE) is living out its old motto, “We Bring Good Things to Light,” at least for investors. GE’s shares are heading higher today after blue-chip conglomerate reported earnings …
Squawking ‘Win US Back,’ Spanx, hedge fund titans
Fri, 18 Oct 2013 09:59:37 GMT
CNBC – It was a “Who’s Who” of guests on “Squawk Box”-everybody from Buffett to Bowles, Tepper to Cooperman, and McCain to Corker in “Talking Squawk,” the official show blog.
What earnings will mean: Cashin
Thu, 17 Oct 2013 17:10:00 GMT
CNBC – Wall Street legend Art Cashin on tech earnings and the market. What’s the next move for the Nasdaq? With CNBC’s Jackie DeAngelis and the Futures Now Traders.
3M, tenKsolar Complete 200 Installations
Wed, 16 Oct 2013 20:58:18 GMT
Zacks – 3M Renewable Energy, a division of 3M Company and photovoltaic solutions manufacturer tenKsolar recently celebrated their 200 installations.
3M Takes Stake in Israeli Analytics Firm
Wed, 16 Oct 2013 18:57:57 GMT
Motley Fool – The company is now an owner of TaKaDu.
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