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 5.49% return on risk over the next 12 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 $0.52 would be kept by the premium seller. The risk of $9.48 would be incurred if the stock dropped below the $115.00 long put 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 below 20 which suggests that the stock is in oversold 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
Interesting April 2014 Stock Options for 3M
Mon, 04 Nov 2013 19:15:00 GMT
Forbes – Consistently, one of the more popular stocks people enter into their stock options watchlist at Stock Options Channel is 3M Co (NYSE: MMM). So this week we highlight one interesting put contract, and one interesting call contract, from the April 2014 expiration for MMM. The put contract our YieldBoost algorithm identified […]
3M Window Film Expands Manufacturing in Asia-Pacific Region
Mon, 04 Nov 2013 16:45:16 GMT
noodls – Two new facilities will help meet growing demand ST. PAUL, Minn.–(BUSINESS WIRE)–Nov. 4, 2013– 3M Company has completed significant investments in the Asia-Pacific region with the scale-up of world-class …
3M Window Film Expands Manufacturing in Asia-Pacific Region
Mon, 04 Nov 2013 16:05:00 GMT
Business Wire – ST. PAUL, Minn.–(BUSINESSWIRE)– 3M Company has completed significant investments in the Asia-Pacific region with the scale-up of world-class manufacturing facilities in China and Singapore to support the growing window film business. The two locations will allow 3M to continue to meet customer needs, both in the region and worldwide, and to satisfy the growing demand for its automotive, residential and commercial window films. These new state of the art facilities are in addition to expanded capital investments made in their U.S. factories for clean coating and converting. “3M’s investments in these new production sites are important to serve the growing needs and demand in the Asia-Pacific region.
3M Window Film Expands Manufacturing in Asia-Pacific Region
Mon, 04 Nov 2013 16:05:00 GMT
Business Wire – 3M Company has completed significant investments in the Asia-Pacific region with the scale-up of world-class manufacturing facilities in China and Singapore to support the growing window film business.
New Issue-3M prices 600 mln euro 2021 bond
Mon, 04 Nov 2013 15:19:13 GMT
Reuters – Following are terms and conditions of a bond priced on Monday. Borrower 3M Company Issue Amount 600 million euro Maturity Date November 15, 2021 Coupon 1.875 pct Reoffer price 99.338 Yield 1.965 pct Spread …
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