3M (MMM) Offering Possible 33.69% Return Over the Next 13 Calendar Days

3M's most recent trend suggests a bullish bias. One trading opportunity on 3M is a Bull Put Spread using a strike $175.00 short put and a strike $170.00 long put offers a potential 33.69% return on risk over the next 13 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $175.00 by expiration. The full premium credit of $1.26 would be kept by the premium seller. The risk of $3.74 would be incurred if the stock dropped below the $170.00 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 75.97 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

3M's military armor business fetches $91 million in sale
Thu, 02 Jan 2020 18:04:27 +0000
The sale was first announced in August, when 3M said the sale of its Advanced Ballistic-Protection Business could be worth up to $116 million depending on whether the business won some pending contracts.

3M Completes Sale of Advanced Ballistic-Protection Business
Thu, 02 Jan 2020 15:00:00 +0000
3M today announced that it has completed the sale of the company’s advanced-ballistic protection business to Avon Rubber p.l.c. for $91 million, before closing and other adjustments. A further contingent consideration of up to $25 million is payable depending on the outcome of pending tenders.

3M, Intel share gains lead Dow's 187-point climb
Thu, 02 Jan 2020 14:45:00 +0000
DOW UPDATE Powered by strong returns for shares of 3M and Intel, the Dow Jones Industrial Average is up Thursday morning. Shares of 3M (MMM) and Intel (INTC) have contributed to the blue-chip gauge's intraday rally, as the Dow (DJIA) is trading 187 points (0.

The Zacks Analyst Blog Highlights: Exxon Mobil, Verizon, Chevron, Pfizer and 3M
Thu, 02 Jan 2020 12:48:12 +0000
The Zacks Analyst Blog Highlights: Exxon Mobil, Verizon, Chevron, Pfizer and 3M

3M (MMM) Outpaces Stock Market Gains: What You Should Know
Tue, 31 Dec 2019 22:50:10 +0000
3M (MMM) closed at $176.42 in the latest trading session, marking a +0.34% move from the prior day.

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