3M's most recent trend suggests a bullish bias. One trading opportunity on 3M is a Bull Put Spread using a strike $140.00 short put and a strike $135.00 long put offers a potential 8.93% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $140.00 by expiration. The full premium credit of $0.41 would be kept by the premium seller. The risk of $4.59 would be incurred if the stock dropped below the $135.00 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 61.31 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
Nortel, 3M, Trade Finance Software: Intellectual Property
Mon, 12 May 2014 04:01:01 GMT
4 Reasons Why 3M Co. Can Outperform, and 1 Concern
Sun, 11 May 2014 01:05:57 GMT
3M Patent Count Crosses 100,000 Milestone
Fri, 09 May 2014 20:58:36 GMT
3M CO Financials
Fri, 09 May 2014 17:04:16 GMT
3M Company issued 52 patents
Thu, 08 May 2014 09:17:54 GMT
Related Posts
Also on Market Tamer…
Follow Us on Facebook