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After Yesterday's Decline of 1.21%, 3M Co Offers Investors Better Value

By David Diaz

3M Co (NYSE:MMM) traded in a range yesterday that spanned from a low of $198.72 to a high of $202.80. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $202.09 on volume of 930,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, 3M Co share prices have been bracketed by a low of $181.98 and a high of $259.77 and are now at $199.75, 10% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 0.3%.

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.

Keywords: rebounders 3m co

Ticker(s): MMM