3M's most recent trend suggests a bearish bias. One trading opportunity on 3M is a Bear Call Spread using a strike $131.00 short call and a strike $136.00 long call offers a potential 17.65% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $131.00 by expiration. The full premium credit of $0.75 would be kept by the premium seller. The risk of $4.25 would be incurred if the stock rose above the $136.00 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 39.69 level which suggests that the stock is neither overbought nor oversold at this time.
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noodls – Select Products will now carry WQA Sustainability Certification ST. PAUL, Minn.–(BUSINESS WIRE)–Mar. 11, 2014– 3M Purification will showcase a suite of exciting new resources for its 3M Authorized Water …
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Tue, 11 Mar 2014 14:58:00 GMT
Business Wire – 3M Purification will showcase a suite of exciting new resources for its 3M Authorized Water Dealers at WQA Aquatech USA, March 18-21 in Orlando, Fla. In addition to debuting a new
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