3M (MMM) Offering Possible 16.28% Return Over the Next 38 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 16.28% return on risk over the next 38 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 $1.40 would be kept by the premium seller. The risk of $8.60 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 30.97 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

Discovery Education and 3M Announce Winner of 2014 Young Scientist Challenge
Wed, 15 Oct 2014 21:20:11 GMT
noodls – Congratulons to Sahil Doshi! The 14-year-old from Pittsburgh, Pennsylvania was just named the winner of this year's Discovery Education 3M Young Scientist Challenge, the nation's premier science competition …

U.S. Government Order Totals 114,000 Enhanced Combat Helmets from 3M
Wed, 15 Oct 2014 19:49:01 GMT
noodls – $80 million contract increased to $107 million to protect Marines, Soldiers and Sailors MINNEAPOLIS–(BUSINESS WIRE)–Oct. 15, 2014– 3M today announces it has received additional orders from U.S. government …

2:41 pm 3M: U.S. Government order totals 114K enhanced combat helmets from 3M; $80 mln contract increased to $107 mln to protect Marines, Soldiers and Sailors
Wed, 15 Oct 2014 18:41:00 GMT

U.S. Government Order Totals 114,000 Enhanced Combat Helmets from 3M
Wed, 15 Oct 2014 18:39:00 GMT
Business Wire – 3M today announces it has received additional orders from U.S. government for its Enhanced Combat Helmet that provide military personnel with protection against head injury from ballistic threats and blunt impacts.

Post-it Brand Introduces Revolutionary New Post-it Dry Erase Surface
Wed, 15 Oct 2014 14:50:52 GMT
noodls – Instant, Flexible Whiteboard Solution Transforms Spaces into Collaborative Environments ST. PAUL, Minn.–(BUSINESS WIRE)–Oct. 15, 2014– Post-it Brand from 3M introduces Post-it Dry Erase Surface, an …

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