3M (MMM) Offering Possible 15.87% Return Over the Next 39 Calendar Days

3M's most recent trend suggests a bullish bias. One trading opportunity on 3M is a Bull Put Spread using a strike $140.00 short put and a strike $130.00 long put offers a potential 15.87% return on risk over the next 39 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $140.00 by expiration. The full premium credit of $1.37 would be kept by the premium seller. The risk of $8.63 would be incurred if the stock dropped below the $130.00 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 67.45 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 Board Declares Quarterly Dividend
Tue, 13 May 2014 20:10:00 GMT
Business Wire – The Board of Directors of 3M today declared a dividend on the company’s common stock of 85.5 cents per share for the second quarter of 2014, payable June 12, 2014, to shareholders of record at the close of business on May 23, 2014.

Post-it Brand from 3M and Startup Weekend Help Entrepreneurs Build Brilliant Ideas Together
Tue, 13 May 2014 19:35:00 GMT
Business Wire – To help accelerate ideas into reality, the Post-it® Brand from 3M is sponsoring Startup Weekend, a program through the non-profit UP Global that helps entrepreneurs launch their businesses in one weekend.

R.I.P. the Momentum Trade, 2012-2014
Tue, 13 May 2014 18:39:00 GMT

3M Annual Meeting Highlights 2013 Achievements
Tue, 13 May 2014 18:10:00 GMT
Business Wire – 3M Chairman, President and CEO Inge G. Thulin today highlighted 3M’s strong 2013 performance while emphasizing the company’s investments and progress to continue its momentum into the future.

Why GE May Be King of the Conglomerates in 2014 — and 2015
Tue, 13 May 2014 16:55:12 GMT

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