3M's most recent trend suggests a bearish bias. One trading opportunity on 3M is a Bear Call Spread using a strike $202.50 short call and a strike $207.50 long call offers a potential 35.87% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $202.50 by expiration. The full premium credit of $1.32 would be kept by the premium seller. The risk of $3.68 would be incurred if the stock rose above the $207.50 long call 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 57.74 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for 3M
3M (MMM) Stock Sinks As Market Gains: What You Should Know
Wed, 21 Nov 2018 22:50:10 +0000
In the latest trading session, 3M (MMM) closed at $198.69, marking a -0.91% move from the previous day.
Autodesk Earnings, Revenue beat in Q3
Tue, 20 Nov 2018 23:42:03 +0000
Investing.com – Autodesk (NASDAQ:ADSK) reported third quarter earnings that beat analysts' expectations on Tuesday and revenue that topped forecasts.
3 Top Large-Cap Stocks to Buy in November
Tue, 20 Nov 2018 19:37:00 +0000
There's still time to feast on these stock behemoths.
3M Announces Upcoming Investor Events
Tue, 20 Nov 2018 18:32:00 +0000
3M today announced the following investor events:
GE Shuffles Leadership to Revamp Struggling Power Unit
Tue, 20 Nov 2018 13:14:49 +0000
Yesterday, General Electric (GE) announced a leadership shuffle to help turn around its ailing power business. The management shuffle includes bringing back veteran GE executive John Rice from retirement to be the chair of the newly structured gas power business. Apart from bringing back Rice, Culp made Scott Strazik CEO of GE Gas Power.
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