MaryBlossomJ

MMM Put

Short
NYSE:MMM   3M Company
MMM has successfully broken $125.45 and is now trading below the resistance.


Entry: $122.80-122.60
1st Target: $117
2nd Target: $114


-It should get to the target in the next 14-30 days.
-Volume has decreased significantly today as well
-I also see a nice head and shoulders pattern on the larger chart.
Trade active:
This stock has terrible news. They're getting sued by multiple people and there is talk about a merger. Overall still a decent stock but they will take a dive.
Trade closed: target reached:
Target 1 reached! I'm waiting for target #2.
Trade active:
Waiting for $115 target to get out.
Trade closed: target reached:
Closed position. Going to wait for a new position. Not sure if long or short yet. Will update later
Comment:
I closed at $116.80. Wasn't able to reach target #2 but that's ok!
Comment:
Second target price is approaching. Will hit $115 this following week
Trade closed: target reached:
2nd Target reached
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