3M Offering Possible 10.5% Return Over the Next 39 Calendar Days

3M's most recent trend suggests a bullish bias. One trading opportunity on 3M is a Bull Put Spread using a strike $125.00 short put and a strike $115.00 long put offers a potential 10.5% return on risk over the next 39 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $125.00 by expiration. The full premium credit of $0.95 would be kept by the premium seller. The risk of $9.05 would be incurred if the stock dropped below the $115.00 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 above 80 which suggests that the stock is in overbought territory.

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

Share Buybacks by Quality Companies Portfolio Strategy: A Wall Street Transcript Interview with David R. Fried, President and CEO of Fried Asset Management, Inc.
Tue, 12 Nov 2013 20:28:00 GMT
Wall Street Transcript – 67 WALL STREET, New York – November 12, 2013 – The Wall Street Transcript has just published its current Investing Strategies Report. This special feature contains expert industry commentary through in-depth …

3M Board Declares Quarterly Dividend
Mon, 11 Nov 2013 23:57:17 GMT
noodls – ST. PAUL, Minn.–(BUSINESS WIRE)–Nov. 11, 2013– The Board of Directors of 3M (NYSE:MMM) today declared a dividend on the company's common stock of 63.5 cents per share for the fourth quarter of 2013, …

3M Board Declares Quarterly Dividend
Mon, 11 Nov 2013 23:10:00 GMT
Business Wire – The Board of Directors of 3M today declared a dividend on the company’s common stock of 63.5 cents per share for the fourth quarter of 2013, payable Dec. 12, 2013, to shareholders of record at the close of business on Nov.

Stocks: Here Comes the Capital Spending…Maybe
Mon, 11 Nov 2013 19:00:00 GMT
Barrons.com – Barclays' Scott Davis and team believe it might be, and for evidence they look at 3M (MMM), Emerson Electric (EMR), Rockwell Automation (ROK), and MSC Industrial Direct (MSM). This quarter is the first quarter where we have seen signs of a turn here… The key signs that we saw this quarter specifically relate to rising levels of investment amongst the companies that we cover, in particular 3M, Emerson Electric, Rockwell Automation, and MSC Industrial Direct. The importance here is that we see higher levels of growth investment through the value chain beginning at the R&D level, then manufacturing, and lastly distribution. Raw material/mining investment remains highly depressed and is the one area where we may not have seen the bottom yet.

3M Scientist Receives Innovator of the Year Award for Achievements in Optical Science, Leadership in Innovation Processes
Mon, 11 Nov 2013 15:41:56 GMT
noodls – ST. PAUL, Minn.–(BUSINESS WIRE)–Nov. 11, 2013– Dr. Andy Ouderkirk, Corporate Scientist for 3M's Electronics Markets Materials Division, has received the 2013 R&D Magazine Innovator of the Year Award. …

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