3M (MMM) Offering Possible 18.2% Return Over the Next 12 Calendar Days

3M's most recent trend suggests a bearish bias. One trading opportunity on 3M is a Bear Call Spread using a strike $142.00 short call and a strike $147.00 long call offers a potential 18.2% return on risk over the next 12 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $142.00 by expiration. The full premium credit of $0.77 would be kept by the premium seller. The risk of $4.23 would be incurred if the stock rose above the $147.00 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 34.33 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for 3M

3M Company (MMM) Shares Dip Despite Product Launch
Mon, 04 Aug 2014 18:45:08 GMT

Cramer's approach to selloff
Thu, 31 Jul 2014 22:00:00 GMT

3M Digital Oral Care Unveils New 3M True Definition Scanner
Thu, 31 Jul 2014 21:31:01 GMT
noodls – Innovative design offers improved overall experience and new, smallest wand on the market ST. PAUL, Minn.–(BUSINESS WIRE)–Jul. 31, 2014– As more dentists and orthodontists adopt digital scanning in …

3M CO Files SEC form 10-Q, Quarterly Report
Thu, 31 Jul 2014 21:23:09 GMT

3M Digital Oral Care Unveils New 3M True Definition Scanner
Thu, 31 Jul 2014 21:00:00 GMT
Business Wire – As more dentists and orthodontists adopt digital scanning in their practices, innovating to provide the best user experience is more important than ever. 3M Digital Oral Care is changing the market again with exciting technological transformations to the 3M™ True Definition Scanner.

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