3M (MMM) Offering Possible 20.88% Return Over the Next 18 Calendar Days

3M's most recent trend suggests a bullish bias. One trading opportunity on 3M is a Bull Put Spread using a strike $152.50 short put and a strike $147.00 long put offers a potential 20.88% return on risk over the next 18 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $152.50 by expiration. The full premium credit of $0.95 would be kept by the premium seller. The risk of $4.55 would be incurred if the stock dropped below the $147.00 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 above 80 which suggests that the stock is in overbought territory.

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

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New EMS Caution Tape from 3M Works Without External Power Source
Tue, 04 Nov 2014 14:04:41 GMT
noodls – – Unique design helps utilities locate plastic pipes even if tape is cut – AUSTIN, Texas–(BUSINESS WIRE)–Nov. 4, 2014– 3M today announced the first product in a series of solutions for marking and locating …

New EMS Caution Tape from 3M Works Without External Power Source
Tue, 04 Nov 2014 13:01:00 GMT
Business Wire – 3M today announced the first product in a series of solutions for marking and locating the path of underground plastic pipes. The 3M Electronic Marking System Caution Tape 76

IACP and 3M Name 2014 Honorees of the Looking Beyond the License Plate Award
Mon, 03 Nov 2014 20:18:00 GMT
Business Wire – The International Association of Chiefs of Police , Highway Safety Committee , in cooperation with 3M’s Traffic Safety and Security Division, this week announced the honorees of the 2014 Looking Beyond the License Plate award at the Highway Safety Awards breakfast during the IACP Annual Conference.

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