3M (MMM) Offering Possible 6.61% Return Over the Next 33 Calendar Days

3M's most recent trend suggests a bearish bias. One trading opportunity on 3M is a Bear Call Spread using a strike $165.00 short call and a strike $175.00 long call offers a potential 6.61% return on risk over the next 33 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $165.00 by expiration. The full premium credit of $0.62 would be kept by the premium seller. The risk of $9.38 would be incurred if the stock rose above the $175.00 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 41.16 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 to Sell Static Control Business to Desco Industries, Inc.
Mon, 15 Dec 2014 13:35:39 GMT
noodls – ST. PAUL, Minn.–(BUSINESS WIRE)–Dec. 15, 2014– 3M today announced that it has signed an agreement with Desco Industries, Inc. (Desco) for Desco to purchase the assets of 3M's global Static Control business. …

8:32 am 3M announced that it has signed an agreement with Desco Industries, Inc. for Desco to purchase the assets of 3M's global Static Control business; terms not disclosed
Mon, 15 Dec 2014 13:32:00 GMT

3M to Sell Static Control Business to Desco Industries, Inc.
Mon, 15 Dec 2014 13:30:00 GMT
Business Wire – 3M today announced that it has signed an agreement with Desco Industries, Inc. for Desco to purchase the assets of 3M’s global Static Control business. 3M's Static Control business is a provider of products and solutions that help prevent, detect, and protect against Electrostatic Discharge events.

IAHCSMM and 3M Announce Ambassadors for Third Annual Global Educational Exchange
Mon, 15 Dec 2014 13:12:10 GMT
noodls – Global educational exchange program of hospital Central Sterile Services leaders builds connections, promotes patient safety CHICAGO & ST. PAUL, Minn.–(BUSINESS WIRE)–Dec. 15, 2014– The International …

IAHCSMM and 3M Announce Ambassadors for Third Annual Global Educational Exchange
Mon, 15 Dec 2014 13:08:00 GMT
Business Wire – The International Association of Healthcare Central Service Materiel Management and 3M are pleased to announce selected educational ambassadors for the third annual International Sister CSSD Educational Exchange Program.

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