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3M Co Falls 1.03% on Heavy Volume: Watch For Potential Rebound

By David Diaz

3M Co (NYSE:MMM) traded in a range yesterday that spanned from a low of $234.81 to a high of $239.32. Yesterday, the shares fell 1.0%, which took the trading range below the 3-day low of $236.17 on volume of 863,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

In the past 52 weeks, 3M Co share prices have been bracketed by a low of $163.85 and a high of $259.77 and are now at $235.23, 44% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.

Keywords: rebounders 3m co

Ticker(s): MMM