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3M Co Bearish Moving Average Crossover Alert (MMM)

By Shiri Gupta

3M Co (NYSE:MMM) shares have crossed bearishly below their 10-day moving average of $203.12 on a volume of 345K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

3M Co share prices have moved between a 52-week high of $214.57 and a 52-week low of $163.85 and are now trading 23% above that low price at $201.92 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 is tracking the current trend status for 3M Co and will alert subscribers who have MMM in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses 3m co

Ticker(s): MMM