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3M: 52-Week High Recently Eclipsed (MMM)

By David Diaz

3M (NYSE:MMM) traded today at a new 52-week high of $214.00. So far today approximately 188,000 shares have been exchanged, as compared to an average 30-day volume of 1.9 million shares.

3M Co. conducts operations in electronics, telecommunications, industrial, consumer and office, health care, safety, and other markets. The Company's businesses share technologies, manufacturing operations, brands, marketing channels, and other resources. 3M serves customers in countries located around the world.

In the past 52 weeks, shares of 3M have traded between a low of $134.00 and a high of $214.00 and are now at $213.71, which is 59% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has remained constant.

3M (NYSE:MMM) is currently priced 11.6% above its average consensus analyst price target of $188.88. 3M shares have support at the 50-day moving average (MA) of $164.96 and additional support at the 200-day MA of $153.19.

SmarTrend recommended that subscribers consider buying shares of 3M on November 8th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $170.92. Since that recommendation, shares of 3M have risen 24.8%. We continue to monitor MMM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows 3M

Ticker(s): MMM