3M (MMM) Offering Possible 8.81% Return Over the Next 26 Calendar Days

3M's most recent trend suggests a bullish bias. One trading opportunity on 3M is a Bull Put Spread using a strike $135.00 short put and a strike $125.00 long put offers a potential 8.81% return on risk over the next 26 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $135.00 by expiration. The full premium credit of $0.81 would be kept by the premium seller. The risk of $9.19 would be incurred if the stock dropped below the $125.00 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 60.28 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 Celebrates 10-Year Record of EPA ENERGY STAR Sustained Excellence Award
Tue, 22 Apr 2014 12:50:00 GMT
Business Wire – As environmental concerns and energy efficiency become increasingly top of mind for many people around the world, corporate social responsibility migrates from just a watchword to a strategic initiative for responsible institutions to demonstrate their commitment to these ideals.

Here's what will drive stocks this week
Sun, 20 Apr 2014 20:46:35 GMT

3M Announces Upcoming Investor Events
Thu, 17 Apr 2014 23:12:00 GMT
Business Wire – 3M today announced the following investor events:

Federal Signal Collects Sturdy Mix Of Businesses
Thu, 17 Apr 2014 19:45:00 GMT

Dow Today: 3M (MMM) Leads The Day Higher
Wed, 16 Apr 2014 20:30:00 GMT

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