3M (MMM) Offering Possible 11.36% Return Over the Next 32 Calendar Days

3M's most recent trend suggests a bullish bias. One trading opportunity on 3M is a Bull Put Spread using a strike $130.00 short put and a strike $120.00 long put offers a potential 11.36% return on risk over the next 32 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $130.00 by expiration. The full premium credit of $1.02 would be kept by the premium seller. The risk of $8.98 would be incurred if the stock dropped below the $120.00 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 49.56 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's China Growth at Triple Pace
Tue, 18 Mar 2014 19:30:10 GMT

The Top Ten Stocks for Tuesday, March 18
Tue, 18 Mar 2014 13:52:40 GMT

3M sees sales growth in China to triple global pace – Bloomberg
Tue, 18 Mar 2014 04:33:53 GMT
Reuters – Diversified manufacturer 3M Co expects its sales in China to grow three times faster than its total revenue, driven by demand for health and consumer products such as face masks and water filters, Bloomberg reported. The company, whose products include Post-it notes and film for flat-panel televisions, is targeting annual sales growth of about 15 percent in China over the next five years, compared with global growth of four to six percent, Bloomberg quoted 3M Chief Executive Inge Thulin as saying. 3M is capitalizing on China's push to increase the role of consumption in driving economic expansion as rising levels of pollution and higher labor costs force the country to reduce its reliance on exports, investment and manufacturing for growth, the report said. China is to “declare war” on pollution, with the government unveiling detailed measures to tackle what has become a hot-button social issue.

3M Sees China’s Sales Growth Triple Global Pace, CEO Says
Tue, 18 Mar 2014 01:53:15 GMT

3M Introduces the Emphaze AEX Hybrid Purifier
Mon, 17 Mar 2014 21:11:23 GMT
noodls – Laboratory and Scale-up Single Use Capsules available mid-2014; Production Capsules available late 2014 ST. PAUL, Minn.–(BUSINESS WIRE)–Mar. 17, 2014– 3M Purification will unveil a new purification …

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