3M Offering Possible 8.23% Return Over the Next 18 Calendar Days

3M's most recent trend suggests a bearish bias. One trading opportunity on 3M is a Bear Call Spread using a strike $135.00 short call and a strike $145.00 long call offers a potential 8.23% return on risk over the next 18 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $135.00 by expiration. The full premium credit of $0.76 would be kept by the premium seller. The risk of $9.24 would be incurred if the stock rose above the $145.00 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 57.28 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

Why CEO Jeff Immelt Spent His Bonus on GE Shares
Tue, 04 Mar 2014 17:45:15 GMT

3M Invests in Florida-Based MSi
Tue, 04 Mar 2014 16:10:04 GMT

3M Invests in MSi Lighting
Mon, 03 Mar 2014 20:23:01 GMT
noodls – ST. PAUL, Minn.–(BUSINESS WIRE)–Mar. 3, 2014– 3M has invested in MSi Lighting of Boca Raton, Florida, a company that 3M has been working with for the past year on a line of LED lights for multiple applications. …

2:32 pm 3M has invested in MSi Lighting of Boca Raton, Florida, a co that 3M has been working with for the past year on a line of LED lights for multiple applications; financial terms not disclosed
Mon, 03 Mar 2014 19:32:00 GMT

3M Invests in MSi Lighting
Mon, 03 Mar 2014 19:30:00 GMT
Business Wire – 3M has invested in MSi Lighting of Boca Raton, Florida, a company that 3M has been working with for the past year on a line of LED lights for multiple applications. Terms of the tr

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