3M Offering Possible 10.01% Return Over the Next 10 Calendar Days

3M's most recent trend suggests a bullish bias. One trading opportunity on 3M is a Bull Put Spread using a strike $130.00 short put and a strike $120.00 long put offers a potential 10.01% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $130.00 by expiration. The full premium credit of $0.91 would be kept by the premium seller. The risk of $9.09 would be incurred if the stock dropped below the $120.00 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 40.53 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's $12 Billion Buyback Plan
Wed, 12 Feb 2014 23:34:00 GMT

Ideum and 3M Collaborate to Enable High-Performance Android OS for 3M Multi-Touch Displays
Wed, 12 Feb 2014 20:33:14 GMT
noodls – Ideum's ‘Platform 46 Coffee Table' with Android applications previews at DSE 2014 LAS VEGAS–(BUSINESS WIRE)–Feb. 12, 2014– As Android development continues to surge in popularity and the expectations …

3M Launches ‘3M Multi-Touch Developer Network'
Wed, 12 Feb 2014 20:33:14 GMT
noodls – Comprehensive reference site helps 3M customers find multi-touch software developers and solutions for maximizing the interactive capabilities of 3M's high-performance multi-touch displays LAS VEGAS–(BUSINESS …

3M Launches ‘3M Multi-Touch Developer Network'
Wed, 12 Feb 2014 13:00:00 GMT
Business Wire – 3M Touch Systems Inc., a wholly-owned subsidiary of the 3M Electronic Solutions Division, today at Digital Signal Expo 2014 announces the launch of the 3M Multi-Touch Developer Network .

Ideum and 3M Collaborate to Enable High-Performance Android OS for 3M Multi-Touch Displays
Wed, 12 Feb 2014 13:00:00 GMT
Business Wire – As Android development continues to surge in popularity and the expectations for multi-touch interactivity becomes the norm for commercial applications, developing a high-performance Android OS solution for large-format, multi-touch devices, such as touch tables, kiosks and wall displays, has become increasingly important.

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