3M Company Stock Code MMM.NYS
Outlook
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.
Strategy
$166.60 Short Sell
$154.80 Price Target
$173.40 Risk Management Stop
3 weeks Trade Duration
