3M (MMM) Offering Possible 8.34% Return Over the Next 31 Calendar Days

3M's most recent trend suggests a bullish bias. One trading opportunity on 3M is a Bull Put Spread using a strike $155.00 short put and a strike $145.00 long put offers a potential 8.34% return on risk over the next 31 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $155.00 by expiration. The full premium credit of $0.77 would be kept by the premium seller. The risk of $9.23 would be incurred if the stock dropped below the $145.00 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 56.09 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 Getting ‘Lots of Love,' Valuation Worrisome
Wed, 17 Dec 2014 20:58:00 GMT

Morgan Stanley Raises 3M Price Target, But Stills Sees Downside
Wed, 17 Dec 2014 15:05:37 GMT

3M Gets New Street-High Analyst Price Target
Wed, 17 Dec 2014 14:40:07 GMT

CVS Up On Guidance, Dividend, Share Buyback
Tue, 16 Dec 2014 22:44:00 GMT

BUZZ-U.S. Stocks on the Move-Cyclacel, GT Advanced, Frontline, GrubHub, Crocs
Tue, 16 Dec 2014 14:55:16 GMT
Reuters – UK Focus – U.S. stocks opened lower on Tuesday as a further slide in crude oil prices and the Russian rouble sent traders fleeing from risky assets on global economic concerns. The Dow Jones industrial average was …

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