Bullish Moving Average Cross by 3M (MMM)
Today, shares of 3M (NYSE:MMM) have crossed bullishly above their 10-day moving average of $157.62 on a volume of 453K 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.
Over the past year, 3M has traded in a range of $130.60 to $170.50 and is now at $159.31, 22% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.3% while the 200-day MA has remained constant.
SmarTrend is monitoring the recent change of momentum in 3M. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of 3M in search of a potential trend change.
Keywords: moving crosses 3M