3M (MMM) Offering Possible 18.76% Return Over the Next 10 Calendar Days

This article was originally published on this site

3M’s most recent trend suggests a bullish bias. One trading opportunity on 3M is a Bull Put Spread using a strike $202.50 short put and a strike $197.50 long put offers a potential 18.76% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $202.50 by expiration. The full premium credit of $0.79 would be kept by the premium seller. The risk of $4.21 would be incurred if the stock dropped below the $197.50 long put strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for 3M is bearish and the probability of a decline 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 59.4 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


See what the IHS Markit Score report has to say about 3M Co.
Sat, 04 Aug 2018 12:01:12 +0000

Stocks – S&P 500 Closes Higher, Apple’s $1-Trillion Valuation Lifts Tech
Thu, 02 Aug 2018 23:25:00 +0000
Investing.com – The S&P 500 closed higher Thursday as an Apple-led rally in tech offset concerns over rising U.S.-China trade tensions.

Caterpillar’s Construction Industries Segment in Q2 2018
Thu, 02 Aug 2018 20:25:02 +0000
Caterpillar’s (CAT) Construction Industries segment is the company’s most significant revenue contributor. The segment had a revenue share of 44.0% in the second quarter. The segment’s revenue share fell by 0.2 percentage points on a YoY (year-over-year) basis. The segment reported revenues of $6.17 billion in the second quarter, which implies an increase of 24.4% on a YoY basis. In the second quarter of 2017, the segment reported revenues of $4.6 billion.

Caterpillar’s Revenues: Highest Growth in More than Six Years
Thu, 02 Aug 2018 18:55:02 +0000
Caterpillar (CAT) reported revenues of $14.01 billion in the second quarter—an increase of 23.7% on a YoY (year-over-year) basis. In the second quarter of 2017, Caterpillar reported revenues of $11.33 billion. Caterpillar’s revenues managed to beat analysts’ estimate of $13.88 billion. The company’s second-quarter revenues represent the highest growth percentage in more than six years.

3 Stocks You Can Safely Own Until 2030
Thu, 02 Aug 2018 15:03:16 +0000
If you are a long-term investor, these safe stocks are the kind of investments that you can own until at least 2030.

Be Sociable, Share!

Related Posts