3M (MMM) Offering Possible 16.7% Return Over the Next 25 Calendar Days

3M's most recent trend suggests a bearish bias. One trading opportunity on 3M is a Bear Call Spread using a strike $146.00 short call and a strike $152.50 long call offers a potential 16.7% return on risk over the next 25 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $146.00 by expiration. The full premium credit of $0.93 would be kept by the premium seller. The risk of $5.57 would be incurred if the stock rose above the $152.50 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 53.37 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

Today's Market Thorns, Roses, and All Time Highs…
Fri, 19 Sep 2014 21:26:34 GMT

3M Touches New 52-Week High on Accretive Acquisition
Fri, 19 Sep 2014 14:00:01 GMT

Today's Market Thorns, Roses and All Time Highs…
Thu, 18 Sep 2014 21:24:40 GMT

Scotch Brand and Brit + Co. Award Winners in Make Amazing Contest
Thu, 18 Sep 2014 17:42:00 GMT
Business Wire – Leisha Kelsey from West Jordan, Utah, Phillip Roberts from Kingsport, Tennessee, and Matthew Buckley from Washington, D.C., were each named grand prize winners and awarded $5,000 in the Scotch Make Amazing Contest. Scotch Brand from 3M and contest judge Brit Morin – maker, CEO and founder of Brit + Co.

Dow Jones (DJIA) Today: 3M (MMM) Lower
Wed, 17 Sep 2014 18:00:00 GMT

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