3M (MMM) Offering Possible 20.19% Return Over the Next 31 Calendar Days

3M's most recent trend suggests a bullish bias. One trading opportunity on 3M is a Bull Put Spread using a strike $190.00 short put and a strike $180.00 long put offers a potential 20.19% return on risk over the next 31 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $190.00 by expiration. The full premium credit of $1.68 would be kept by the premium seller. The risk of $8.32 would be incurred if the stock dropped below the $180.00 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 64.08 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for 3M

3M (NYSE:MMM) Will Will Want To Turn Around Its Return Trends
Fri, 16 Apr 2021 09:40:52 +0000
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Ideally, a business…

3M announces upcoming investor event
Tue, 13 Apr 2021 22:00:00 +0000
3M (NYSE: MMM) today announced the following investor event:

Honeywell pledges carbon neutrality by 2035
Thu, 08 Apr 2021 12:30:29 +0000
Honeywell outlines a major new climate pledge. Here are the details.

Why Shares in 3M Rose 10.1% in March
Mon, 05 Apr 2021 13:37:00 +0000
The company is under pressure due to potential increases in the cost of materials, but it's still a good value stock.

New 3M silicone adhesive helps improve medical devices intended for people with fragile skin
Mon, 05 Apr 2021 12:07:00 +0000
As the number of people with chronic diseases and the size of the aging population continue to grow, medical device design engineers need adhesive solutions that are both gentle and secure to help support device compliance by end users. Today, 3M announced its latest addition to a new class of silicone adhesives that balances strength, flexibility and comfort – the 2484 3M™ Single Coated Medical Film Tape with Hi-Tack Silicone Adhesive on Liner. The 2484 3M Hi-Tack Silicone Adhesive is breathable, conformable, enables up to a seven-day wear time and minimizes skin cell removal, making it the ideal candidate for applications on fragile skin. This is the second product to join the 3M Hi-Tack Silicone Adhesive Portfolio, with 2480 3M Hi-Tack Silicone Adhesive, in a matter of months.

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