3M Offering Possible 23.15% Return Over the Next 32 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 23.15% return on risk over the next 32 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 $1.88 would be kept by the premium seller. The risk of $8.12 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 above 80 which suggests that the stock is in overbought territory.

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

3M CO Files SEC form 8-K, Other Events
Tue, 19 Nov 2013 20:42:30 GMT

3M Licenses Fentanyl Transdermal Patch Technology to STADA Arzneimittel AG
Tue, 19 Nov 2013 18:26:40 GMT
noodls – ST. PAUL, Minn.–(BUSINESS WIRE)–Nov. 19, 2013– 3M Drug Delivery Systems announced today that STADA Arzneimittel AG has become the latest drug company to license 3M's patented technology directed to …

Best apps for revolution investors
Tue, 19 Nov 2013 18:19:00 GMT
MarketWatch – The app revolution is far from over. There's plenty of continued huge growth for any app-related company that catches traction. Moreover, there are many great apps coming out every day, every week, and …

InPlay: 3M licenses fentanyl transdermal patch technology to STADA Arzneimittel AG, terms not disclosed
Tue, 19 Nov 2013 18:05:45 GMT

3M Licenses Fentanyl Transdermal Patch Technology to STADA Arzneimittel AG
Tue, 19 Nov 2013 18:05:00 GMT
Business Wire – 3M Drug Delivery Systems announced today that STADA Arzneimittel AG has become the latest drug company to license 3M’s patented technology directed to a matrix patch for the transdermal delivery of the opioid pain medication fentanyl.

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