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SmarTrend Watching for Potential Rebound in Shares of 3M Co After 1.12% Loss

By James Quinn

3M Co (NYSE:MMM) traded in a range yesterday that spanned from a low of $169.11 to a high of $173.45. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $171.80 on volume of 2.0 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

3M Co share prices have moved between a 52-week high of $219.75 and the current low of $169.11 and are currently at $169.89 per share. The 200-day and 50-day moving averages have moved 0.32% lower and 1.23% lower over the past week, respectively.

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