3M's most recent trend suggests a bearish bias. One trading opportunity on 3M is a Bear Call Spread using a strike $141.00 short call and a strike $146.00 long call offers a potential 21.07% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $141.00 by expiration. The full premium credit of $0.87 would be kept by the premium seller. The risk of $4.13 would be incurred if the stock rose above the $146.00 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 28.44 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for 3M
Jim Cramer and Stephanie Link: Sometimes You Have to Let Go of Good Companies
Wed, 01 Oct 2014 20:44:30 GMT
Next lending crisis?
Wed, 01 Oct 2014 16:44:00 GMT
Next lending crisis?
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New debt crisis fear: Subprime auto loans
Wed, 01 Oct 2014 16:18:43 GMT
Rock and Roll Hall of Fame and Museum Cuts Energy Costs and Preserves Exhibits with 3M Window Film
Wed, 01 Oct 2014 14:15:00 GMT
Business Wire – The Rock and Roll Hall of Fame and Museum in Cleveland, Ohio, recently teamed with 3M and Sunray Window Films, who installed 3M Sun Control Window Film Prestige Exterior 40 on the exterior glass of this celebrated structure.
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