3M (MMM) Offering Possible 8.81% Return Over the Next 38 Calendar Days

3M's most recent trend suggests a bullish bias. One trading opportunity on 3M is a Bull Put Spread using a strike $170.00 short put and a strike $160.00 long put offers a potential 8.81% return on risk over the next 38 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $170.00 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 $160.00 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 65.12 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 Hits 52-Week High on Solid Organic Growth Prospects
Mon, 11 Jul 2016 14:54:02 GMT

Top Jefferies Value Stocks to Buy Now in a Pricey Market
Mon, 11 Jul 2016 14:35:25 GMT

3M Announces New Leadership Appointments
Mon, 11 Jul 2016 14:23:09 GMT
noodls – ST. PAUL, Minn.–(BUSINESS WIRE)–3M announced today that Dr. Michael G. Vale has been appointed to the position of executive vice president, Health Care Business Group, and Dr. Joaquin Delgado to the …

General Electric: The Storm Before the Calm?
Mon, 11 Jul 2016 14:22:00 GMT

3M Announces New Leadership Appointments
Mon, 11 Jul 2016 14:01:00 GMT
Business Wire – 3M announced today that Dr. Michael G. Vale has been appointed to the position of executive vice president, Health Care Business Group, and Dr. Joaquin Delgado to the position of executive vice president, Consumer Business Group.

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