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Bearish Moving Average Cross by 3M Co (MMM)

By Nick Russo

Today, shares of 3M Co (NYSE:MMM) have fallen below their 10-day MA of $207.72 on a volume of 170K shares. This may provide swing traders with an opportunity 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 $237.22 and a 52-week low of $176.87 and are now trading 17% above that low price at $206.72 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has remained constant.

SmarTrend is monitoring the recent change of momentum in 3M Co. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of 3M Co in search of a potential trend change.

Keywords: moving crosses 3m co

Ticker(s): MMM