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 16.28% return on risk over the next 32 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 $1.40 would be kept by the premium seller. The risk of $8.60 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 55.36 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for 3M
Why Does the Post-It Maker Need a Lightning Lab?
Tue, 18 Feb 2014 01:16:53 GMT
The 3M Company: Top Line Will Meet Growth Forecasts
Sat, 15 Feb 2014 00:51:25 GMT
3M Unit Launches New Touch Network
Thu, 13 Feb 2014 23:20:07 GMT
3M CO Files SEC form 10-K, Annual Report
Thu, 13 Feb 2014 21:17:25 GMT
Fashion Expert and Stylist Brad Goreski Introduces Colors of the World Collection by Post-it Brand
Thu, 13 Feb 2014 18:44:24 GMT
noodls – Post-it Notes Come Alive with Color in Four Fresh Palettes Inspired by Destinations Around the Globe ST. PAUL, Minn.–(BUSINESS WIRE)–Feb. 13, 2014– Theiconic Post-it Note takes on a refreshed, global …
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