3M (MMM) Offering Possible 12.36% Return Over the Next 12 Calendar Days

3M's most recent trend suggests a bearish bias. One trading opportunity on 3M is a Bear Call Spread using a strike $135.00 short call and a strike $145.00 long call offers a potential 12.36% return on risk over the next 12 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $135.00 by expiration. The full premium credit of $1.10 would be kept by the premium seller. The risk of $8.90 would be incurred if the stock rose above the $145.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for 3M is bearish and the probability of a decline 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 56.36 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, SGI and Intel Showcase Advanced Cooling Technology for the “Data Center of the Future”
Tue, 08 Apr 2014 13:00:00 GMT
Business Wire – As the growth of the Internet of Things spikes so does the growth of data traffic in the cloud, which requires data centers to deliver more performance and storage with less energy consumption.

Is Your Money Safe With 3M Co.'s Dividend?
Fri, 04 Apr 2014 16:05:56 GMT

Higher Customer Enthusiasm for 3M Cloud Library
Fri, 04 Apr 2014 15:00:20 GMT

3M Comments on ICD-10 Delay
Fri, 04 Apr 2014 14:19:00 GMT
Business Wire – 3M Health Information Systems, a business of 3M Health Care, today issued a statement following Congressional passage of bill H.R. 4302 to patch the Sustainable Growth Rate .

Dow Today: 3M (MMM) Higher
Thu, 03 Apr 2014 18:00:00 GMT

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