MMM - Up we go againThere is nothing much I can say but I will try to say a few things. First of all, 3M company is one of the strongest companies in the DOW Industrial average, you can see that by plotting the Dow on the chart. Swing trading works very nice on this stock, breakout trading too. We had a retest of the previous resistance, now support. At this level we had an inverse hammer followed by a long day, volume not so good. Also, the pullback stopped at 38.2% fib. Earnings are in 2 weeks so that shouldn't be a problem. Long on market open if there is no ugly gap down.Longby vlad.adrian0
MMM Quick Money Making Trade Setup 3M Co (NYSE:MMM) has been crushed over the last couple days. While many are too scared to step up for a swing trade, I am watching the daily 50 moving average and the $124.70 level. Should this point be hit today or tomorrow (only), a long swing trade is likely to pay profits. Look for a $2.00-$3.00 bounce should the $124.70 level be tagged. Gareth Soloway Chief Market Strategist www.InTheMoneyStocks.comLongby InTheMoney_Stocks1
mmmDark Cloud cover & very OB with potential downturn in rsi. taking 1/2 size short posby Syxkiller110
MMM correction.MMM is in a very well defined uptrend and is currently overbought according to support and resistance and stochastics. Am waiting for a dominant bearish candle and/or the stochastics to cross below the 80 line. Options: sell short, call credit spread, put debit spread, buying a put. Shortby danielfellows12380
$MMM: Bear Flag SetupPay close attention as the .886 must continue to hold as resistance. If this level fails to hold resistance, get long. Short term short targets are the .618 and .50 fib levels posted.Shortby TradeVulture.com110
3M bearish divergencehuge run, declining volume, macd rolling over, diverging RSIShortby marginofdoubt1