3M (MMM) Offering Possible 18.76% Return Over the Next 8 Calendar Days

3M's most recent trend suggests a bearish bias. One trading opportunity on 3M is a Bear Call Spread using a strike $160.00 short call and a strike $165.00 long call offers a potential 18.76% 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 $160.00 by expiration. The full premium credit of $0.79 would be kept by the premium seller. The risk of $4.21 would be incurred if the stock rose above the $165.00 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 41.13 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 Sees Stagnant Oil Prices Into 2015 Before Market Rebound
Thu, 11 Dec 2014 16:45:49 GMT

Clear film may rescue birds from Vikings glass
Thu, 11 Dec 2014 00:30:05 GMT

CORRECTING and REPLACING 3M Announces Upcoming Investor Events
Wed, 10 Dec 2014 23:22:37 GMT
noodls – ST. PAUL, Minn.–(BUSINESS WIRE)–Dec. 10, 2014– Second bullet should read: Fourth-quarter 2014 earnings conference call on Tuesday, Jan. 27, 2015, at 8 a.m. CST (instead of Fourth-quarter 2014 earnings …

CORRECTING and REPLACING 3M Announces Upcoming Investor Events
Wed, 10 Dec 2014 23:04:00 GMT
Business Wire – Second bullet should read: Fourth-quarter 2014 earnings conference call on Tuesday, Jan. 27, 2015, at 8 a.m. CST (instead of Fourth-quarter 2014 earnings conference call on Tuesday, Jan.

3M Announces Upcoming Investor Events
Wed, 10 Dec 2014 22:02:49 GMT
noodls – ST. PAUL, Minn.–(BUSINESS WIRE)–Dec. 10, 2014– 3M (NYSE: MMM) announced today the following investor events: 3M 2015 Outlook Meeting in New York City on Tuesday, Dec. 16, 2014. The meeting will begin …

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