3M Offering Possible 12.23% Return Over the Next 23 Calendar Days

3M's most recent trend suggests a bearish bias. One trading opportunity on 3M is a Bear Call Spread using a strike $130.00 short call and a strike $140.00 long call offers a potential 12.23% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $130.00 by expiration. The full premium credit of $1.09 would be kept by the premium seller. The risk of $8.91 would be incurred if the stock rose above the $140.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for 3M is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for 3M is bearish.

The RSI indicator is at 27.3 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 fourth-quarter profit climbs more than 11%
Thu, 30 Jan 2014 22:29:16 GMT
USA TODAY – Manufacturing conglomerate's profit rises despite poor exchange rates and weak growth in South America.

3M 4Q profit climbs more than 11 percent
Thu, 30 Jan 2014 21:35:59 GMT

3M 4Q profit climbs more than 11 percent
Thu, 30 Jan 2014 21:35:59 GMT
AP – 3M posted a better-than-expected fourth-quarter profit, although volatile exchange rates on foreign currency and weak growth in South America caused revenue to come in lower than Wall Street expected. …

[$$] 3M Earnings Rise; Sales Increase Across All Segments
Thu, 30 Jan 2014 21:27:08 GMT
The Wall Street Journal – 3M Co.'s fourth-quarter earnings rose 11% as the industrial conglomerate reported increased sales across all its segments and geographies.

CLOSING BELL: Facebook and Under Armour hit 52-week highs on earnings; mixed results for Dow Jones components XOM, MMM, V
Thu, 30 Jan 2014 20:57:48 GMT

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