3M (MMM) Offering Possible 7.41% Return Over the Next 31 Calendar Days

3M's most recent trend suggests a bearish bias. One trading opportunity on 3M is a Bear Call Spread using a strike $170.00 short call and a strike $180.00 long call offers a potential 7.41% return on risk over the next 31 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $170.00 by expiration. The full premium credit of $0.69 would be kept by the premium seller. The risk of $9.31 would be incurred if the stock rose above the $180.00 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 27.06 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

52-Week Company Lows
Sun, 18 Aug 2019 22:16:26 +0000
Wells Fargo tops list of stocks that have fallen to annual lows Continue reading…

FILING DEADLINE–Kuznicki Law PLLC Announces Class Actions on Behalf of Shareholders of VNTR, MMM and STG
Sun, 18 Aug 2019 16:09:00 +0000
CEDARHURST, NY / ACCESSWIRE / August 18, 2019 / The securities litigation law firm of Kuznicki Law PLLC issues the following notice on behalf of shareholders of the following publicly traded companies. Shareholders who purchased shares in these companies during the dates listed below are encouraged to contact the firm regarding possible appointment as lead plaintiff and a preliminary estimate of their recoverable losses. If you wish to choose counsel to represent you and the class, you must apply to be appointed lead plaintiff and be selected by the Court.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of 3M Company – MMM
Sat, 17 Aug 2019 13:45:00 +0000
NEW YORK, NY / ACCESSWIRE / August 17, 2019 / Pomerantz LLP is investigating claims on behalf of investors of 3M Company (“3M” or the “Company”) (MMM). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. The investigation concerns whether 3M and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

SHAREHOLDER ALERT: CLAIMSFILER REMINDS CAH, CARB, MMM, VNTR INVESTORS of Lead Plaintiff Deadline in Class Action Lawsuits
Sat, 17 Aug 2019 02:50:00 +0000
NEW ORLEANS, Aug. 16, 2019 — ClaimsFiler, a FREE shareholder information service, reminds investors of pending deadlines in the following securities class action lawsuits: 3M.

US Indexes Rally Friday, but Close Lower for the Aug. 16 Week
Fri, 16 Aug 2019 21:43:41 +0000
S&P; 500 down 1% for the week Continue reading…

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