3M (MMM) Offering Possible 11.11% Return Over the Next 29 Calendar Days

3M's most recent trend suggests a bullish bias. One trading opportunity on 3M is a Bull Put Spread using a strike $150.00 short put and a strike $140.00 long put offers a potential 11.11% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $150.00 by expiration. The full premium credit of $1.00 would be kept by the premium seller. The risk of $9.00 would be incurred if the stock dropped below the $140.00 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 71.73 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

3M CO Financials
Wed, 17 Feb 2016 18:04:27 GMT

3M Equips Roofing Contractors with Tools to Fight Black Streaks Caused by Algae
Tue, 16 Feb 2016 15:15:00 GMT
Business Wire – Unsightly black streaks on roofing shingles are an all too common eyesore for homeowners, but many are unaware of what causes this issue or how to prevent it. To equip contractors with the right tools to step in as a specialist with a solution, 3M announces the Scotchgard™ Protector Sales Training Program.

Here’s How Much the Strong Dollar Hurts US Companies
Mon, 15 Feb 2016 19:35:55 GMT

What Executives Get Wrong About Changing Company Culture
Fri, 12 Feb 2016 00:00:26 GMT

3M CO Files SEC form 10-K, Annual Report
Thu, 11 Feb 2016 22:23:56 GMT

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