3M (MMM) Offering Possible 14.16% Return Over the Next 25 Calendar Days

3M's most recent trend suggests a bullish bias. One trading opportunity on 3M is a Bull Put Spread using a strike $143.00 short put and a strike $138.00 long put offers a potential 14.16% return on risk over the next 25 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $143.00 by expiration. The full premium credit of $0.62 would be kept by the premium seller. The risk of $4.38 would be incurred if the stock dropped below the $138.00 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 above 80 which suggests that the stock is in overbought territory.

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 Strengthens Leadership in the Smart Energy Sector
Tue, 26 Aug 2014 21:38:33 GMT

3M Partners with Premier, Inc. on Purchasing Agreement for Catheter Securement and Stability Products
Tue, 26 Aug 2014 13:19:00 GMT
Business Wire – 3M Critical & Chronic Care Solutions today announces that it has reached a group purchasing agreement with health care alliance company Premier, Inc. for multiple catheter securement and stability products.

3M Invests in Smart Energy Instruments
Tue, 26 Aug 2014 00:56:23 GMT
noodls – Stake will bolster 3M's relevance in energy market ST. PAUL, Minn.–(BUSINESS WIRE)–Aug. 25, 2014– 3M New Ventures – the corporate venture arm of 3M – announced an equity stake in Toronto-based Smart …

9:01 am 3M New Ventures announces equity stake in Smart Energy Instruments; financing round totaled $5 mln
Mon, 25 Aug 2014 13:01:00 GMT

3M Invests in Smart Energy Instruments
Mon, 25 Aug 2014 13:00:00 GMT
Business Wire – 3M New Ventures – the corporate venture arm of 3M – announced an equity stake in Toronto-based Smart Energy Instruments , a move that will further accelerate SEI’s efforts in

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