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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 $200.78 on a volume of 534K 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.

Over the past year, 3M Co has traded in a range of $191.44 to $259.77 and is now at $200.64, 5% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

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