3M's most recent trend suggests a bearish bias. One trading opportunity on 3M is a Bear Call Spread using a strike $148.00 short call and a strike $155.00 long call offers a potential 56.25% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $148.00 by expiration. The full premium credit of $2.52 would be kept by the premium seller. The risk of $4.48 would be incurred if the stock rose above the $155.00 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 30.9 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
Is It Time to Buy the Dow Jones' 3 Worst-Performing February Stocks?
Fri, 04 Mar 2022 12:15:00 +0000
Even some of the market's most reliable, stable names have been swept up in the selling floodwaters.
3M Proves There Is Still a Place for Large Corporate Conglomerates
Thu, 03 Mar 2022 21:48:20 +0000
The company has the product set and cash flow to create upside in the stock
3M (MMM) Sells Floor Products Arm, Revamps Business Portfolio
Thu, 03 Mar 2022 15:02:03 +0000
3M's (MMM) sale of the floor products business unit will enable it to better focus on and efficiently direct resources to its core businesses.
3M (MMM) Gains But Lags Market: What You Should Know
Wed, 02 Mar 2022 22:50:10 +0000
3M (MMM) closed at $147.22 in the latest trading session, marking a +1.71% move from the prior day.
Beaten-Down Dividend King 3M Offers Good Income
Wed, 02 Mar 2022 15:48:18 +0000
A look at the company and its dividend safety
Also on Market Tamer…
Follow Us on Facebook