3M (MMM) Offering Possible 19.33% Return Over the Next 16 Calendar Days

3M's most recent trend suggests a bullish bias. One trading opportunity on 3M is a Bull Put Spread using a strike $172.50 short put and a strike $167.50 long put offers a potential 19.33% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $172.50 by expiration. The full premium credit of $0.81 would be kept by the premium seller. The risk of $4.19 would be incurred if the stock dropped below the $167.50 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 64.45 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

Hedge Fund Consensus Stocks vs. 3M Company (MMM) In 2019
Wed, 25 Dec 2019 23:15:04 +0000
We are still in an overall bull market and many stocks that smart money investors were piling into surged in 2019. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained more than 57% each. Hedge funds' top 3 stock picks returned 44.6% this year and beat the S&P 500 […]

US Indexes Close Mostly Flat Tuesday Before Christmas
Tue, 24 Dec 2019 19:09:30 +0000
S&P; 500 up 26% for the year Continue reading…

3M (MMM) Outpaces Stock Market Gains: What You Should Know
Mon, 23 Dec 2019 22:50:10 +0000
In the latest trading session, 3M (MMM) closed at $178.47, marking a +1.77% move from the previous day.

US Indexes Close Higher Monday With New Record Highs
Mon, 23 Dec 2019 22:20:45 +0000
China announces new tariff plans Continue reading…

Dow jumps 87 points on gains in Boeing, 3M shares
Mon, 23 Dec 2019 14:45:00 +0000
DOW UPDATE Shares of Boeing and 3M are trading higher Monday morning, sending the Dow Jones Industrial Average into positive territory. Shares of Boeing (BA) and 3M (MMM) have contributed about one third of the index's intraday rally, as the Dow (DJIA) is trading 87 points, or 0.

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