3M (MMM) Offering Possible 5.76% Return Over the Next 34 Calendar Days

3M's most recent trend suggests a bearish bias. One trading opportunity on 3M is a Bear Call Spread using a strike $210.00 short call and a strike $230.00 long call offers a potential 5.76% return on risk over the next 34 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $210.00 by expiration. The full premium credit of $1.09 would be kept by the premium seller. The risk of $18.91 would be incurred if the stock rose above the $230.00 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 43.44 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 Transforms Main Headquarters to Inspire Curiosity and Wonder
Thu, 16 Aug 2018 13:35:00 +0000
3M’s commitment to harnessing the power of curiosity and wonder is made visible today by the completion of a major design installation at their headquarters building in St. Paul, Minn. Global science company 3M has wrapped its main headquarters building to encourage people to pursue their own sense of curiosity that can lead to discovery and problem solving. The Wonder campaign seeks to inspire people to examine the world around them and see that curiosity can lead to great discoveries.

3M Board Declares Quarterly Dividend
Tue, 14 Aug 2018 20:45:00 +0000
The 3M Board of Directors today declared a dividend on the company’s common stock of $1.36 per share for the third quarter of 2018. The dividend is payable Sept. 12, 2018, to shareholders of record at the close of business on Aug.

See what the IHS Markit Score report has to say about 3M Co.
Tue, 14 Aug 2018 12:01:31 +0000
3M Co NYSE:MMM

Rescue Your Retirement With High-Growth Dividend Stocks
Mon, 13 Aug 2018 16:28:31 +0000
If you’re like a lot of folks, you worry about inflation … and the danger it presents for your retirement. Inflation is a hidden retirement killer because it makes the value of the dollars you save today worth less and less in the future, right when you need them for retirement. After all, many investors were badly hurt in the 2000 stock crash and the 2008 stock crash.

Dr. Dambisa F. Moyo Elected to 3M Board of Directors
Mon, 13 Aug 2018 12:30:00 +0000
3M announced today that Dr. Dambisa F. Moyo, founder and chief executive officer of Mildstorm, LLC, has been elected to 3M’s Board of Directors, effective Aug. 12, 2018.

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