3M's most recent trend suggests a bearish bias. One trading opportunity on 3M is a Bear Call Spread using a strike $175.00 short call and a strike $185.00 long call offers a potential 12.61% return on risk over the next 34 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $175.00 by expiration. The full premium credit of $1.12 would be kept by the premium seller. The risk of $8.88 would be incurred if the stock rose above the $185.00 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 30.05 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
3M Announces Upcoming Investor Event
Wed, 13 Jan 2021 14:00:00 +0000
3M (NYSE: MMM) today announced the following investor event:
3 Promising Dividend Stocks to Buy Right Now
Sat, 09 Jan 2021 11:17:00 +0000
Income investors often re-evaluate their portfolios at the beginning of the year and look to add stocks with strong dividends. In fact, now is a great time to consider some top dividend stocks that may not have been the market's favorite last year but look promising for 2021. Here are three such compelling dividend stocks you could buy right now.
A Look At 3M's (NYSE:MMM) Share Price Returns
Fri, 08 Jan 2021 09:18:08 +0000
For many investors, the main point of stock picking is to generate higher returns than the overall market. But in any…
Nasdaq Leads Broad Advance As These 3 Top Stocks Break Out; Time To Sell Twitter Stock?
Thu, 07 Jan 2021 20:30:09 +0000
Twitter, meanwhile, slumped nearly 3% and undercut its 21-day exponential moving average. While the general uptrend in Twitter remains intact, the stunning Democratic victory in Georgia's Senate races may open the door for potential new legislation that changes current protections for the social media giant from content distributed on its platform. A 74 Composite Rating for Twitter, according to IBD Stock Checkup, is mediocre on a scale of 1 (mushy) to 99 (magnificent).
Why A Democratic Congress Is Turning This 3M Analyst Bearish
Thu, 07 Jan 2021 17:28:54 +0000
3M Co (NYSE: MMM) faces heightened PFAS risks with Democrats taking control of the U.S. Senate, according to BofA Securities.The 3M Analyst: Andrew Obin downgraded 3M from Neutral to Underperform and reduced the price target from $200 to $170.The 3M Thesis: The Republicans prevented major PFAS — perfluoroalkyl and polyfluoroalkyl substances — legislation from being passed under the Trump administration, Obin said in the downgrade note.”We believe Democratic control of the relevant Senate Committee and the EPA will accelerate legislation and regulation around PFAS contamination,” the analyst said.”Passage of relevant legislation could significantly shape PFAS cleanup and 3M's financial liability over the next several years,” he said. A previous analysis estimated 3M's total pre-tax liability at around $9 billion, which includes cleanup costs and personal injury liability, Obin said.”Negative headlines and incremental lawsuits associated with legislative and EPA actions are likely to drive de-rating of 3M shares.” MMM Price Action: Shares of 3M were trading down 3.23% at $168.49 at last check Thursday. Latest Ratings for MMM DateFirmActionFromTo Jan 2021B of A SecuritiesDowngradesNeutralUnderperform Oct 2020Morgan StanleyMaintainsEqual-Weight Oct 2020Morgan StanleyMaintainsEqual-Weight View More Analyst Ratings for MMM View the Latest Analyst RatingsSee more from Benzinga * Click here for options trades from Benzinga * BofA Raises Spotify Price Target On Streaming Platform's Near-Term Prospects * BofA Upgrades Mastercard On ‘Potentially Priceless Opportunity'(C) 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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