3M (MMM) Offering Possible 14.16% Return Over the Next 39 Calendar Days

3M's most recent trend suggests a bearish bias. One trading opportunity on 3M is a Bear Call Spread using a strike $140.00 short call and a strike $150.00 long call offers a potential 14.16% return on risk over the next 39 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $140.00 by expiration. The full premium credit of $1.24 would be kept by the premium seller. The risk of $8.76 would be incurred if the stock rose above the $150.00 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 27.76 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

Redesigned Website Helps Electrical Equipment Design Engineers Find 3M Solutions Faster
Wed, 15 Oct 2014 00:21:34 GMT
noodls – Streamlined website helps visitors quickly and easily find the right electrical materials AUSTIN, Texas–(BUSINESS WIRE)–Oct. 14, 2014– A new website from 3M helps electrical design engineers to find …

Redesigned Website Helps Electrical Equipment Design Engineers Find 3M Solutions Faster
Tue, 14 Oct 2014 23:40:00 GMT
Business Wire – A new website from 3M helps electrical design engineers to find 3M solutions for design and performance challenges facing manufacturers of electrical equipment.

Dow Jones (DJIA) Today: 3M (MMM) Higher
Mon, 13 Oct 2014 16:00:00 GMT

The Zacks Analyst Blog Highlights: Boeing, 3M, Barnes & Noble, Chevron and JPMorgan Chase
Mon, 13 Oct 2014 13:02:44 GMT

Healthy Lifestyles at 3M Attract Recognition
Mon, 13 Oct 2014 13:00:00 GMT
Business Wire – There are a lot of changes that take place with a new job; new responsibilities, new environment, and new people. Three and a half years ago when Brenda Frismanis accepted a job as a legal secretary at 3M, she took one look at her life and saw the beginnings of a carved path leading toward a long familial line of obesity.

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