3M (MMM) Offering Possible 13.96% Return Over the Next 28 Calendar Days

3M's most recent trend suggests a bearish bias. One trading opportunity on 3M is a Bear Call Spread using a strike $210.00 short call and a strike $230.00 long call offers a potential 13.96% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $210.00 by expiration. The full premium credit of $2.45 would be kept by the premium seller. The risk of $17.55 would be incurred if the stock rose above the $230.00 long call 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 down which suggests that the medium-term momentum for 3M is bearish.

The RSI indicator is at 39.2 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for 3M

3M Announces Upcoming Investor Events
Wed, 17 Oct 2018 16:45:00 +0000
3M today announced the following investor events:

Adhesive Innovation Helps Clinicians Confidently Meet the Most Challenging Demands of Critical Tube Securement
Wed, 17 Oct 2018 11:00:00 +0000
New 3M™ Durapore™ Advanced Surgical Tape provides exceptional adhesion to meet clinicians’ securement needs

3M (MMM) Q3 Earnings Preview: What's Shaping Up?
Tue, 16 Oct 2018 14:31:02 +0000
3M (MMM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Caterpillar Announces Quarterly Cash Dividend—Makes No Changes
Mon, 15 Oct 2018 15:15:02 +0000
On October 10, Caterpillar (CAT) declared its latest quarterly dividend. Caterpillar has been paying dividends since 1933. Caterpillar has also announced the key dates for its third-quarter dividend payment.

Updates on 3M Company’s Product Launches
Mon, 15 Oct 2018 13:43:10 +0000
3M Company (MMM) remained busy last week, launching two new products in different segments. On October 9, 3M launched SoluPrep Film-Forming Sterile Surgical Solution, a solution containing 2% chlorhexidine gluconate and 70% isopropyl alcohol, to fight surgical site infections caused by infectious bacteria around the surgical incision area.

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