3M (MMM) Offering Possible 7.64% Return Over the Next 30 Calendar Days

3M's most recent trend suggests a bullish bias. One trading opportunity on 3M is a Bull Put Spread using a strike $155.00 short put and a strike $145.00 long put offers a potential 7.64% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $155.00 by expiration. The full premium credit of $0.71 would be kept by the premium seller. The risk of $9.29 would be incurred if the stock dropped below the $145.00 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 76.39 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

Cramer: Stock market's a long-term contest
Thu, 20 Nov 2014 23:00:00 GMT

3M Announces New Leadership Appointments
Thu, 20 Nov 2014 15:39:49 GMT
noodls – ST. PAUL , Minn.–(BUSINESS WIRE)–Nov. 20, 2014– 3M announced today that Paul A. Keel has been appointed senior vice president, Supply Chain, effective immediately. He replaces Christopher D. Holmes …

3M to Offer Portable Breath Alcohol Testing Device
Thu, 20 Nov 2014 15:39:49 GMT
noodls – Wireless, handheld device ideal for monitoring alcohol offenders ST. PAUL, Minn.–(BUSINESS WIRE)–Nov. 20, 2014– 3M announced today an agreement with Alcohol Monitoring Systems, Inc. (AMS), to market …

3M to Offer Portable Breath Alcohol Testing Device
Thu, 20 Nov 2014 15:00:00 GMT
Business Wire – 3M announced today an agreement with Alcohol Monitoring Systems, Inc. , to market the company’s SCRAM Remote Breath alcohol testing device. Featuring automated facial recognit

3M Announces New Leadership Appointments
Thu, 20 Nov 2014 15:00:00 GMT
Business Wire – 3M announced today that Paul A. Keel has been appointed senior vice president, Supply Chain, effective immediately. He replaces Christopher D. Holmes who will retire.

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