3M (MMM) Offering Possible 8.11% Return Over the Next 27 Calendar Days

3M's most recent trend suggests a bearish bias. One trading opportunity on 3M is a Bear Call Spread using a strike $145.00 short call and a strike $155.00 long call offers a potential 8.11% return on risk over the next 27 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $145.00 by expiration. The full premium credit of $0.75 would be kept by the premium seller. The risk of $9.25 would be incurred if the stock rose above the $155.00 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 down which suggests that the medium-term momentum for 3M is bearish.

The RSI indicator is at 43.42 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

Biggest maker of medical face masks in U.S. is warning of an outbreak … of fraud
Thu, 19 Mar 2020 17:05:00 +0000
The biggest maker of medical face masks in the U.S. is warning consumers that the surge in demand for face masks during the current COVID-19 pandemic has led to a flurry of criminal activity.

3M Announces Progress on PFAS Initiatives and Actions
Thu, 19 Mar 2020 14:00:00 +0000
3M announced its latest actions as part of the company’s ongoing efforts to research and share information related to per-and polyfluoroalkyl substances (PFAS). These actions advance the five initiatives and actions 3M announced in September 2019, building on the company’s longstanding commitment to environmental stewardship. Most prominently, 3M has launched a research clearinghouse webpage and is releasing previously unavailable PFAS reference standards. These mark an important step in advancing the collective scientific knowledge around PFAS.

3M- Surviving Difficult Times
Wed, 18 Mar 2020 10:00:00 +0000
The key to surviving this difficult time is to have companies with strong balance sheets, consistent free cash flows and strong franchises with customers that can get by the current difficulties, asserts Hilary Kramer, editor of the industry-leading advisory service, Value Authority.

3M Stock Falls 4%
Wed, 18 Mar 2020 09:32:00 +0000
Investing.com – 3M (NYSE:MMM) Stock fell by 4.48% to trade at $128.49 by 09:30 (13:30 GMT) on Wednesday on the NYSE exchange.

3M Stock Rises 4%
Tue, 17 Mar 2020 12:14:00 +0000
Investing.com – 3M (NYSE:MMM) Stock rose by 4.14% to trade at $136.34 by 12:12 (16:12 GMT) on Tuesday on the NYSE exchange.

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