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Recent 52-Week High Exceeded in Shares of 3M (MMM)

By David Diaz

Shares of 3M (NYSE:MMM) traded today at $147.87, breaking its 52-week high. Approximately 1.8 million shares have changed hands today, as compared to an average 30-day volume of 1.9 million shares.

3M Co. conducts operations in electronics, telecommunications, industrial, consumer and office, health care, safety, and other markets. The Company's businesses share technologies, manufacturing operations, brands, marketing channels, and other resources. 3M serves customers in countries located around the world.

In the past 52 weeks, shares of 3M have traded between a low of $116.65 and a high of $147.87 and are now at $147.29, which is 26% above that low price. The 200-day and 50-day moving averages have moved 0.20% higher and 0.03% higher over the past week, respectively.

3M has overhead space with shares priced $147.29, or 3.7% below the average consensus analyst price target of $153.00. The stock should discover initial support at its 50-day moving average (MA) of $143.63 and subsequent support at its 200-day MA of $138.22.

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: 52 week high/lows 3M

Ticker(s): MMM