3M (MMM) Offering Possible 22.85% Return Over the Next 30 Calendar Days

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3M’s most recent trend suggests a bullish bias. One trading opportunity on 3M is a Bull Put Spread using a strike $195.00 short put and a strike $185.00 long put offers a potential 22.85% 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 $195.00 by expiration. The full premium credit of $1.86 would be kept by the premium seller. The risk of $8.14 would be incurred if the stock dropped below the $185.00 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 69.81 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


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See what the IHS Markit Score report has to say about 3M Co.
Fri, 08 Feb 2019 13:01:02 +0000
3M Co NYSE:MMMView full report here! Summary * Perception of the company’s creditworthiness is negative * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is low for MMM with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding MMM totaled $18.51 billion. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers’ Index (PMI) data, output in the Industrials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swap | NegativeThe current level displays a negative indicator. MMM credit default swap spreads are near their highest levels for the past 1 year, which indicates the market’s more negative perception of the company’s credit worthiness.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

3M Co (MMM) Files 10-K for the Fiscal Year Ended on December 31, 2018
Thu, 07 Feb 2019 22:48:23 +0000
3M Co (NYSE:MMM) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018. 3M Co is a diversified technology company.

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