3M (MMM) Offering Possible 31.93% Return Over the Next 7 Calendar Days

3M's most recent trend suggests a bearish bias. One trading opportunity on 3M is a Bear Call Spread using a strike $217.50 short call and a strike $222.50 long call offers a potential 31.93% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $217.50 by expiration. The full premium credit of $1.21 would be kept by the premium seller. The risk of $3.79 would be incurred if the stock rose above the $222.50 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 33.05 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

The Sky’s the Limit in 3M Disruptive Design Challenge
Wed, 11 Apr 2018 14:00:00 +0000
Who has what it takes to solve a sticky design problem, using adhesives and tapes, and build solutions that have the potential to improve lives? Teams from four schools with the nation’s finest engineering programs – Iowa State University, University of Minnesota, North Dakota State University and University of Wisconsin-Madison – are about to face that test this week, during the finals of the 3M Disruptive …

Filtrete™ Brand from 3M Teams up with Amazon to Integrate the New Filtrete™ Smart Air Filter Line with Amazon Dash Replenishment
Wed, 11 Apr 2018 13:00:00 +0000
Filtrete™ Smart Air Filters, the first-ever Bluetooth®-enabled HVAC air filters for the home, are now integrated with Amazon Dash Replenishment to automatically reorder air filters when they need replacing.

Yeadon Fabric Domes to build new headquarters in St. Paul
Wed, 11 Apr 2018 10:00:00 +0000
Due to a cash infusion from investors and an agreement with the St. Paul Port Authority, Yeadon Fabric Domes will expand its business and move to St. Paul this year.

Cramer's lightning round: Buy Paychex's stock on a good q…
Tue, 10 Apr 2018 23:11:00 +0000
Jim Cramer zooms through his take on callers' favorite stocks, including a conservatively run payroll operator.

See what the IHS Markit Score report has to say about 3M Co.
Tue, 10 Apr 2018 12:00:40 +0000
3M Co NYSE:MMM

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