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After Yesterday's Decline of 1.28%, 3M Co Offers Investors Better Value

By James Quinn

3M Co (NYSE:MMM) traded in a range yesterday that spanned from a low of $200.51 to a high of $202.53. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $202.00 on volume of 881,000 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.

3M Co share prices have moved between a 52-week high of $214.57 and a 52-week low of $163.85 and are now trading 22% above that low price at $200.66 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has remained constant.

Keywords: rebounders 3m co

Ticker(s): MMM