3M (MMM) Offering Possible 8.7% Return Over the Next 36 Calendar Days

3M's most recent trend suggests a bullish bias. One trading opportunity on 3M is a Bull Put Spread using a strike $195.00 short put and a strike $185.00 long put offers a potential 8.7% return on risk over the next 36 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $195.00 by expiration. The full premium credit of $0.80 would be kept by the premium seller. The risk of $9.20 would be incurred if the stock dropped below the $185.00 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 64.78 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

4 Large Cap Stocks That Can Lead the Pack
Tue, 12 Jun 2018 17:15:00 +0000
Amid concerns over looming trade wars and slowing global economic growth, one sector is looking poised for a breakout. On the whole, the industrial sector has been underperforming the broader market, but the founder of TradingAnalysis.com, Todd Gordon, believes that a number of industrials stocks—Caterpillar Inc. ( CAT), 3M Co. ( MMM), and Stanley Black & Decker Inc. ( SWK)—are now showing attractive valuations that look set to rally over the long term. Boeing Co. ( BA), the one industrial pick from Gordon that is actually outperforming the market, should continue to soar with close to 20% upside, according to CNBC.

Despite Some Support, General Electric Company Stock Still Isn’t a Buy
Tue, 12 Jun 2018 13:06:04 +0000
On Friday, General Electric Company (NYSE:GE) declared a 12 cent per share quarterly dividend. Long-time holders likely think back to last year, when GE stock was paying out twice that amount. In November, General Electric cut its annual dividend from 96 cents per share to just 48 cents per share.

3M Introduces Elastic Blend Nonwoven Tape for Improved Conformability, Skin Breathability
Tue, 12 Jun 2018 12:00:00 +0000
3M today announced it has expanded its lineup of advanced adhesives for medical devices with the addition of 3M™ Single Coated Medical Extended Wear Adhesive Nonwoven Tape on Liner , a pressure sensitive adhesive that offers omni-directional stretch for superior conformability and breathability.

3M Completes Its Communication Markets Division Sale to Corning
Tue, 12 Jun 2018 11:35:34 +0000
On June 4, 3M (MMM) announced that it had completed the sale of most of its Communication Markets business to Corning (GLW). MMM entered into a definitive agreement with GLW in December 2017, and the deal was expected to garner $900.0 million for 3M.

50 Financially Strong Companies Worth Investing In
Tue, 12 Jun 2018 03:12:00 +0000
With the market headed into a period of volatility amid a new Fed meeting and Trump's meeting with Kim Jong-un, investors should focus on the strongest companies.

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