3M (MMM) Offering Possible 20.19% Return Over the Next 11 Calendar Days

3M's most recent trend suggests a bearish bias. One trading opportunity on 3M is a Bear Call Spread using a strike $139.00 short call and a strike $144.00 long call offers a potential 20.19% return on risk over the next 11 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $139.00 by expiration. The full premium credit of $0.84 would be kept by the premium seller. The risk of $4.16 would be incurred if the stock rose above the $144.00 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 24.35 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

Hewlett-Packard: The last of the megalayoffs
Tue, 07 Oct 2014 20:19:22 GMT

Why far-flung 3M isn't likely to follow in H-P's breakup path
Tue, 07 Oct 2014 18:38:16 GMT

3M and NOOK Create New Hardware Lending Program for Libraries
Tue, 07 Oct 2014 17:02:00 GMT
Business Wire – 3M Library Systems announces the addition of a new lendable eReader for its 3M Cloud Library—the NOOK GlowLight™ from Barnes & Noble. With this new compatibility, libraries can purchase NOOK GlowLight eReaders directly from Barnes & Noble stores for lending to patrons.

As Obamacare Batters Device Makers, Lobby Snuggles With Hillary Clinton In Chicago
Tue, 07 Oct 2014 16:03:00 GMT

Doomsday preppers out in force
Tue, 07 Oct 2014 10:47:00 GMT

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