3M (MMM) Offering Possible 17.37% Return Over the Next 29 Calendar Days

3M's most recent trend suggests a bearish bias. One trading opportunity on 3M is a Bear Call Spread using a strike $200.00 short call and a strike $220.00 long call offers a potential 17.37% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $200.00 by expiration. The full premium credit of $2.96 would be kept by the premium seller. The risk of $17.04 would be incurred if the stock rose above the $220.00 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 41.54 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) Stock Moves -1.67%: What You Should Know
Mon, 17 Dec 2018 22:50:10 +0000
3M (MMM) closed at $192.82 in the latest trading session, marking a -1.67% move from the prior day.

3M Falls 3%
Fri, 14 Dec 2018 22:48:03 +0000
Investing.com – 3M (NYSE:MMM) fell by 3.04% to trade at $195.98 by 15:47 (20:47 GMT) on Friday on the NYSE exchange.

The Zacks Analyst Blog Highlights: Intuitive Surgical, HCA Healthcare, Exelon, 3M and Micron
Fri, 14 Dec 2018 11:40:11 +0000
The Zacks Analyst Blog Highlights: Intuitive Surgical, HCA Healthcare, Exelon, 3M and Micron

Dow Jones Beats Nasdaq, This Sector Gets Trampled; Transportation Firm Plunges 27%
Thu, 13 Dec 2018 21:24:02 +0000
The Dow Jones industrial average rose 0.3%, beating the Nasdaq. XPO Logistics fell more than 26% and hit it lowest levels since November 2016.

Zacks Earnings Trends Highlights: Caterpillar, Honeywell and 3M
Thu, 13 Dec 2018 14:13:02 +0000
Zacks Earnings Trends Highlights: Caterpillar, Honeywell and 3M

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