3M (MMM) Offering Possible 17.1% Return Over the Next 10 Calendar Days

3M's most recent trend suggests a bullish bias. One trading opportunity on 3M is a Bull Put Spread using a strike $195.00 short put and a strike $190.00 long put offers a potential 17.1% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $195.00 by expiration. The full premium credit of $0.73 would be kept by the premium seller. The risk of $4.27 would be incurred if the stock dropped below the $190.00 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 62.25 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 Opens 2019 on an Unimpressive Note
Sat, 02 Feb 2019 00:47:00 +0000
There were some positives from 3M's earnings report, but a cut in guidance raises questions about the highly rated stock's right to command a premium rating.

3M Completes Acquisition of M*Modal's Technology Business
Fri, 01 Feb 2019 21:30:00 +0000
3M today announced that it has completed the acquisition of M*Modal’s technology business for a total enterprise value of $1 billion. M*Modal’s technology business provides cloud-based, conversational Artificial Intelligence (AI)-powered systems that will expand the capabilities of 3M’s Health Information Systems business. 3M’s Health Information Systems business works with more than 8,000 healthcare organizations worldwide, both providers and payers, to deliver software and services across the continuum of care.

Dow 30 Stock Roundup: MCD, BA, 3M, MSFT, PFE, V Earnings Impress
Fri, 01 Feb 2019 13:27:01 +0000
The index enjoyed a strong week overall, bolstered by encouraging earnings.

3M sued by veterans over military-grade earplugs
Thu, 31 Jan 2019 20:00:08 +0000
U.S. veterans have filed 11 lawsuits against 3M over their Combat Arms earplugs. According to the lawsuits, Aearo Technologies, the original manufacturer of the earplugs, knew the products were defective as early as 2000. Aearo, the lawsuits allege, falsified test results for the plugs and continued to sell them for over a decade.

Can Honeywell’s Q4 EPS Beat Analysts’ Expectations?
Thu, 31 Jan 2019 17:20:02 +0000
Honeywell's Q4 Earnings: What Can Investors Expect?(Continued from Prior Part)Honeywell’s fourth-quarter adjusted EPS estimateAnalysts expect Honeywell (HON) to post an adjusted EPS of $1.89 in the fourth quarter, which implies an increase of

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