3M's most recent trend suggests a bullish bias. One trading opportunity on 3M is a Bull Put Spread using a strike $165.00 short put and a strike $155.00 long put offers a potential 10.74% return on risk over the next 31 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $165.00 by expiration. The full premium credit of $0.97 would be kept by the premium seller. The risk of $9.03 would be incurred if the stock dropped below the $155.00 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 69.04 level which suggests that the stock is neither overbought nor oversold at this time.
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Business Wire – 3M Food Safety, a worldwide leader in innovative solutions that help the food and beverage industries ensure safety and quality in their products, is proud to offer safety from the start with the introduction of the new, 3M™ Molecular Detection Assay 2 – Cronobacter.
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Wed, 09 Nov 2016 13:15:00 GMT
Accesswire – Upcoming AWS Coverage on 3M Co . Post-Earnings Results LONDON, UK / ACCESSWIRE / November 9, 2016 / Active Wall St. announces its post-earnings coverage on Eaton Corp. PLC (NYSE: ETN ). The company reported …
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