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3M Bullish Moving Average Crossover Alert (MMM)

By Nick Russo

Today, shares of 3M (NYSE:MMM) have crossed bullishly above their 10-day moving average of $168.59 on a volume of 287K 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.

3M share prices have moved between a 52-week high of $171.27 and a 52-week low of $134.00 and are now trading 27% above that low price at $169.92 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.

SmarTrend recommended that subscribers consider buying shares of 3M on January 27th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $146.01. Since that recommendation, shares of 3M have risen 15.3%. 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