3M (MMM) Offering Possible 14.16% Return Over the Next 30 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 30 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 at 73.83 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 Introduces Erasable and Removable Chalkboard & Dry Erase Tapes
Wed, 20 Aug 2014 14:28:17 GMT
noodls – ST. PAUL, Minn.–(BUSINESS WIRE)–Aug. 20, 2014– Organizing has never been so easy. For the first-time ever, 3M is making it possible to write, erase and write again, all on a piece of tape. With the …

3M Introduces Erasable and Removable Chalkboard & Dry Erase Tapes
Wed, 20 Aug 2014 13:00:00 GMT
Business Wire – Organizing has never been so easy. For the first-time ever, 3M is making it possible to write, erase and write again, all on a piece of tape. With the launch of new Scotch™ Dry Era

3M Library Awarded PA-DSS Validation for Better Security
Mon, 18 Aug 2014 21:40:03 GMT

Steel, Airline Stocks Lead As Nasdaq Hits High
Mon, 18 Aug 2014 20:32:00 GMT

3M Company — Moody's affirms 3M's Aa2 rating; outlook negative
Mon, 18 Aug 2014 18:59:34 GMT

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