Bullish Moving Average Cross by 3M (MMM)
Today, shares of 3M (NYSE:MMM) have crossed bullishly above their 10-day moving average of $93.21 on a volume of 501K shares. Swing traders may find an opportunity 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 $80.94 to $95.46 and is now at $93.40, 15% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has remained constant.
SmarTrend is tracking the current trend status for 3M and will alert subscribers who have MMM in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses 3M