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3M COMPANY
(MMM-NYSE):
Technical Viewpoint: From a low
of $120.25 on Feb 13, 2003 prices
rallied, reaching a
high of $127.49
on Feb 18, 2003. A
decline saw prices pull back, reaching a
low of
$119.46 on Mar 12, 2003.
Another rally saw prices penetrate
resistance, closing 3/21/03
at $134.38. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Mar 17, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $126.25. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Mar 20, 2003. A P&F upside
reversal takes place at $131.00. Summary: Technical indicators have turned bullish. BUY! 3M COMPANY
(MMM-NYSE) @ $135.13 Stop: Use a protective stop of $132.13.
3M COMPANY is currently trading @ $134.38 plus $3.76 on Mar 21, 2003. Price Objective:
$150.00. Risk/Reward: $3.00 VS. $14.88. Today's Risk Reward Ratio: 5:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$150.00
Risk/Reward:
$3.00 VS. $14.88
Risk/Reward Ratio:
5:1
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