3M (MMM) Offering Possible 16.55% Return Over the Next 8 Calendar Days

3M's most recent trend suggests a bullish bias. One trading opportunity on 3M is a Bull Put Spread using a strike $175.00 short put and a strike $170.00 long put offers a potential 16.55% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $175.00 by expiration. The full premium credit of $0.71 would be kept by the premium seller. The risk of $4.29 would be incurred if the stock dropped below the $170.00 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 66.31 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 (MMM) Gains But Lags Market: What You Should Know
Mon, 06 Jan 2020 22:50:10 +0000
In the latest trading session, 3M (MMM) closed at $178.62, marking a +0.1% move from the previous day.

Can 3M (MMM) Keep the Earnings Surprise Streak Alive?
Mon, 06 Jan 2020 17:10:05 +0000
3M (MMM) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

The Zacks Analyst Blog Highlights: Apple, Amazon.com, Visa, salesforce.com and 3M Company
Mon, 06 Jan 2020 16:24:31 +0000
The Zacks Analyst Blog Highlights: Apple, Amazon.com, Visa, salesforce.com and 3M Company

Top Research Reports for Apple, Amazon & Visa
Fri, 03 Jan 2020 21:25:12 +0000
Top Research Reports for Apple, Amazon & Visa

GE Stock Just Cleared A New Buy Point, But Is General Electric A Good Buy?
Fri, 03 Jan 2020 21:10:28 +0000
General Electric is making major changes after a brutal couple of years. Here is what the fundamentals and technical analysis say about buying GE stock now.

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