3M Offering Possible 16.41% 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 $130.00 short put and a strike $120.00 long put offers a potential 16.41% 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 $130.00 by expiration. The full premium credit of $1.41 would be kept by the premium seller. The risk of $8.59 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 76.9 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

3M Introduces New Command Outdoor Decorating Products
Wed, 20 Nov 2013 18:56:22 GMT
noodls – Outdoor Lights Display Expert Offers DIY Holiday Decorating Tips ST. PAUL, Minn.–(BUSINESS WIRE)–Nov. 20, 2013– Command Brand from 3M-known for its damage-free indoor organizing and decorating products-is …

3M Introduces New Command Outdoor Decorating Products
Wed, 20 Nov 2013 18:13:00 GMT
Business Wire – Command Brand from 3M—known for its damage-free indoor organizing and decorating products—is introducing a new line of Command Outdoor Products to help homeowners go all out decora

3M Innovation Helps Enable G2E 2013 “Best Slot Product” Show Winners
Wed, 20 Nov 2013 14:07:26 GMT
noodls – Bally Technologies, GTECH and IGT win top honors leveraging innovative 3M touch technologies for breakthrough and new product designs METHUEN, Mass.–(BUSINESS WIRE)–Nov. 20, 2013– At Global Gaming Expo …

3M Hits 52-Week High
Wed, 20 Nov 2013 13:20:03 GMT
Zacks – Shares of 3M Company hit a 52-week high of $130.78 during yesterday???s trading session. However, the stock closed the session at $130.05, which reflects a solid year-to-date return of 39.6%.

3M Innovation Helps Enable G2E 2013 “Best Slot Product” Show Winners
Wed, 20 Nov 2013 13:05:00 GMT
Business Wire – At Global Gaming Expo 2013 , the 2014 Gaming & Technology Award for “Best Slot Product”, sponsored by Global Gaming Business magazine, was shared by Bally Technologies, GTECH and IGT for the most innovative slot games and machines on display.

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