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3M Co Bearish Moving Average Crossover Alert (MMM)

By Nick Russo

3M Co (NYSE:MMM) crossed under its 10-day moving average of $167.77 on a volume of 203K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

3M Co share prices have moved between a 52-week high of $219.75 and a 52-week low of $154.00 and are now trading 8% above that low price at $166.92 per share. The 200-day and 50-day moving averages have moved 0.42% lower and 0.28% lower over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in 3M Co. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of 3M Co in search of a potential trend change.

Keywords: moving crosses 3m co

Ticker(s): MMM