CFD Trading – Sell 3M Company (MMM.NYS) @ $166.60. Stop @ $173.40 and Target @ $154.80

3M Company Stock Code MMM.NYS

Price dropped and closed below the cloud last Friday which could be a sign of a possible bearish trend moving forward. Conversion line and Base line had a bearish crossover confirming the bearish trend. Lagging Span is below price of 26 days ago but is above the cloud at the moment.  MACD is bullish but has a bearish crossover and is moving lower, hinting of a bearish price trend ahead.

$166.60              Short Sell
$154.80              Price Target
$173.40              Risk Management Stop
3 weeks              Trade Duration

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