3M (MMM) Offering Possible 37.36% Return Over the Next 7 Calendar Days

3M's most recent trend suggests a bullish bias. One trading opportunity on 3M is a Bull Put Spread using a strike $177.50 short put and a strike $172.50 long put offers a potential 37.36% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $177.50 by expiration. The full premium credit of $1.36 would be kept by the premium seller. The risk of $3.64 would be incurred if the stock dropped below the $172.50 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 72.54 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

Dow climbs 265 points on gains in shares of UnitedHealth, McDonald's
Wed, 08 Jan 2020 20:13:00 +0000
The Dow Jones Industrial Average is trading up Wednesday afternoon with shares of UnitedHealth and McDonald's delivering the strongest returns for the index. Shares of UnitedHealth (UNH) and McDonald's (MCD) are contributing around 25% of the blue-chip gauge's intraday rally, as the Dow (DJIA) was most recently trading 265 points higher (0.9%). UnitedHealth's shares have risen $7.06 (2.4%) while those of McDonald's are up $4.01 (2.0%), combining for an approximately 75-point boost for the Dow.

Top Industrial Stocks for January 2020
Wed, 08 Jan 2020 14:32:40 +0000
The industrial sector is made up of companies that produce and provide services for machinery, equipment, and supplies that are used in construction and manufacturing. Well-known companies in this sector include General Electric Co.

3M: We Lowered 2020 Expectations as We Wait for Guidance in Late January
Wed, 08 Jan 2020 09:19:00 +0000

3M (MMM) Gains But Lags Market: What You Should Know
Mon, 06 Jan 2020 22:50:10 +0000
In the latest trading session, 3M (MMM) closed at $178.62, marking a +0.1% move from the previous day.

Can 3M (MMM) Keep the Earnings Surprise Streak Alive?
Mon, 06 Jan 2020 17:10:05 +0000
3M (MMM) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

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