3M (MMM) Offering Possible 10.5% Return Over the Next 23 Calendar Days

3M's most recent trend suggests a bearish bias. One trading opportunity on 3M is a Bear Call Spread using a strike $190.00 short call and a strike $200.00 long call offers a potential 10.5% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $190.00 by expiration. The full premium credit of $0.95 would be kept by the premium seller. The risk of $9.05 would be incurred if the stock rose above the $200.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for 3M is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for 3M is bearish.

The RSI indicator is at 22.13 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here


LATEST NEWS for 3M

Are You Looking for a High-Growth Dividend Stock? 3M (MMM) Could Be a Great Choice
Mon, 20 Sep 2021 15:45:03 +0000
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does 3M (MMM) have what it takes? Let's find out.

3 Elite Dividend Stocks to Buy Right Now
Sat, 18 Sep 2021 13:34:00 +0000
Instead, the better approach is to concentrate on dividend growth. With dividend growth in mind, we asked three of our Motley Fool contributors for companies with elite track records that they believe are excellent buys right now. Here's why they tapped 3M (NYSE: MMM), Consolidated Edison (NYSE: ED), and American States Water (NYSE: AWR) as the top options for investors looking to add a top-tier dividend stock to their portfolio.

3M (MMM) Dips More Than Broader Markets: What You Should Know
Thu, 16 Sep 2021 21:50:09 +0000
3M (MMM) closed at $182.66 in the latest trading session, marking a -0.83% move from the prior day.

3M's Global Bonding Process Centers Help Customers Realize Their Automation Aspirations
Thu, 16 Sep 2021 20:03:00 +0000
3M (NYSE:MMM) Industrial Adhesives and Tapes Division is evolving its Bonding Process Centers in St. Paul, USA; Neuss, Germany; and Shanghai, China. Against the backdrop of a growing trend toward automation in manufacturing, the 3M Bonding Process Centers provide a starting point from which to design and plan automated bonding solutions.

3 Stocks You Can Keep Forever
Thu, 16 Sep 2021 13:15:00 +0000
You probably don't want to stake your nest egg on a company that crumbles against the competition, even if it has promising growth prospects. If you want a stock you can keep forever, you'll need to find companies with real staying power and clear competitive advantages. 3M (NYSE: MMM) is an industrial conglomerate that produces a broad portfolio of around 60,000 products.

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