3M (MMM) Offering Possible 6.38% Return Over the Next 16 Calendar Days

3M's most recent trend suggests a bullish bias. One trading opportunity on 3M is a Bull Put Spread using a strike $157.50 short put and a strike $152.50 long put offers a potential 6.38% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $157.50 by expiration. The full premium credit of $0.30 would be kept by the premium seller. The risk of $4.70 would be incurred if the stock dropped below the $152.50 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 63.09 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

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Thu, 04 Dec 2014 22:29:00 GMT

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Thu, 04 Dec 2014 18:38:00 GMT

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Thu, 04 Dec 2014 14:20:02 GMT

eAudiobooks Debut on New 3M Cloud Library App
Wed, 03 Dec 2014 18:37:29 GMT
noodls – Updated app makes browsing, reading and listening easier than ever ST. PAUL, Minn.–(BUSINESS WIRE)–Dec. 3, 2014– 3M Library Systems has unveiled the latest addition to its 3M Cloud Library Digital Lending …

eAudiobooks Debut on New 3M Cloud Library App
Wed, 03 Dec 2014 18:22:00 GMT
Business Wire – 3M Library Systems has unveiled the latest addition to its 3M Cloud Library Digital Lending System—eAudiobooks. Supported by the newly updated 3M Cloud Library patron app—with 500,

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