3M (MMM) Offering Possible 19.05% Return Over the Next 19 Calendar Days

3M's most recent trend suggests a bearish bias. One trading opportunity on 3M is a Bear Call Spread using a strike $144.00 short call and a strike $149.00 long call offers a potential 19.05% return on risk over the next 19 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $144.00 by expiration. The full premium credit of $0.80 would be kept by the premium seller. The risk of $4.20 would be incurred if the stock rose above the $149.00 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 37.99 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

Lloyds fires eight over rate-fixing claims
Mon, 29 Sep 2014 11:29:23 GMT
Financial Times – Lloyds Banking Group said it has dismissed eight people and will hold back £3m in bonuses after they were found to have attempted to manipulate key benchmark interest rates, as the long-running probe into …

3M Digitizes Post-Its with New Post-it Plus App for iOS 8
Fri, 26 Sep 2014 14:00:02 GMT

Will This Price Target Decrease Hurt 3M (MMM) Stock Today?
Fri, 26 Sep 2014 13:31:00 GMT

Post-it Notes now have a productivity app to capture your scribbles
Fri, 26 Sep 2014 02:58:00 GMT

New Post-it Plus App Brings Post-it Note Collaboration Experience into the Digital World
Thu, 25 Sep 2014 18:00:00 GMT
Business Wire – The Post-it Brand from 3M, the innovation company known for its culture of creative collaboration and never-ending stream of powerful technologies, unveils the Post-it Plus App, a new tool that takes the output of Post-it Note collaboration sessions and instantly takes them into the digital world to keep team momentum going.

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