3M (MMM) Offering Possible 8.46% Return Over the Next 36 Calendar Days

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 8.46% return on risk over the next 36 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 $0.78 would be kept by the premium seller. The risk of $9.22 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 40.26 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

Stocks rebound, but investors still wary
Fri, 17 Oct 2014 22:35:55 GMT

3M Secures Additional Government Orders for Combat Helmets
Thu, 16 Oct 2014 19:21:24 GMT

Discovery Education and 3M Announce Winner of 2014 Young Scientist Challenge
Wed, 15 Oct 2014 21:20:11 GMT
noodls – Congratulons to Sahil Doshi! The 14-year-old from Pittsburgh, Pennsylvania was just named the winner of this year's Discovery Education 3M Young Scientist Challenge, the nation's premier science competition …

U.S. Government Order Totals 114,000 Enhanced Combat Helmets from 3M
Wed, 15 Oct 2014 19:49:01 GMT
noodls – $80 million contract increased to $107 million to protect Marines, Soldiers and Sailors MINNEAPOLIS–(BUSINESS WIRE)–Oct. 15, 2014– 3M today announces it has received additional orders from U.S. government …

U.S. Government Order Totals 114,000 Enhanced Combat Helmets from 3M
Wed, 15 Oct 2014 18:39:00 GMT
Business Wire – 3M today announces it has received additional orders from U.S. government for its Enhanced Combat Helmet that provide military personnel with protection against head injury from ballistic threats and blunt impacts.

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