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3M Bullish Moving Average Crossover Alert (MMM)

By Shiri Gupta

3M (NYSE:MMM) crossed over its 10-day moving average of $170.13 on a volume of 731K 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 $182.27 and a 52-week low of $134.00 and are now trading 28% above that low price at $172.15 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 its subscribers protect gains by selling shares of 3M on September 12th, 2016 by issuing a Downtrend alert when the shares were trading at $176.54. Since that call, shares of 3M have fallen 4.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses 3M

Ticker(s): MMM