3M's most recent trend suggests a bearish bias. One trading opportunity on 3M is a Bear Call Spread using a strike $135.00 short call and a strike $145.00 long call offers a potential 20.92% return on risk over the next 33 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $135.00 by expiration. The full premium credit of $1.73 would be kept by the premium seller. The risk of $8.27 would be incurred if the stock rose above the $145.00 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 46.49 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for 3M
Is 3M Stock a Buy Today?
Mon, 14 Apr 2014 16:30:08 GMT
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Thu, 10 Apr 2014 18:52:00 GMT
3M's Cold Shrink QS4 Now Widely Available
Thu, 10 Apr 2014 14:50:07 GMT
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Thu, 10 Apr 2014 14:16:39 GMT
3M Slips to Hold
Thu, 10 Apr 2014 13:10:05 GMT
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