3M (MMM) Offering Possible 14.68% Return Over the Next 10 Calendar Days

3M's most recent trend suggests a bearish bias. One trading opportunity on 3M is a Bear Call Spread using a strike $141.00 short call and a strike $146.00 long call offers a potential 14.68% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $141.00 by expiration. The full premium credit of $0.64 would be kept by the premium seller. The risk of $4.36 would be incurred if the stock rose above the $146.00 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 32.2 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

Prognosis for Industrial ETFs Grows Grim
Wed, 06 Aug 2014 12:00:40 GMT

3M Company (MMM) Shares Dip Despite Product Launch
Mon, 04 Aug 2014 18:45:08 GMT

Cramer's approach to selloff
Thu, 31 Jul 2014 22:00:00 GMT

3M Digital Oral Care Unveils New 3M True Definition Scanner
Thu, 31 Jul 2014 21:31:01 GMT
noodls – Innovative design offers improved overall experience and new, smallest wand on the market ST. PAUL, Minn.–(BUSINESS WIRE)–Jul. 31, 2014– As more dentists and orthodontists adopt digital scanning in …

3M CO Files SEC form 10-Q, Quarterly Report
Thu, 31 Jul 2014 21:23:09 GMT

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