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3M Bullish Moving Average Crossover Alert (MMM)

By David Diaz

Today, shares of 3M (NYSE:MMM) have advanced above their 10-day MA of $196.70 on a volume of 309K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, 3M share prices have been bracketed by a low of $134.00 and a high of $199.90 and are now at $197.62, 47% 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.

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 14.6%. We continue to monitor MMM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses 3M

Ticker(s): MMM