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3M COMPANY
(MMM-NYSE):
Technical Viewpoint: From a low
of $68.94 on Sep 30, 2003 prices
rallied, reaching a
high of $80.16
on Nov 14, 2003. A
decline saw prices pull back, reaching a
low of
$76.00 on Nov 20, 2003.
Another rally saw prices penetrate
resistance, closing 12/1/03
at $81.62. Technicals: MACD Index (MACD): A Buy Alert!
was given on Dec 1, 2003 when the solid line crossed the dotted line to the upside.
Support: Remains at $77.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Dec 1, 2003. A P&F upside
reversal takes place at $80.00. Summary: Technical indicators have turned bullish. BUY! 3M COMPANY
(MMM-NYSE) @ $81.75 Stop: Use a protective stop of $78.87.
3M COMPANY is currently trading @ $81.62 plus $2.58 on Dec 1, 2003. Price Objective:
$94.00. Risk/Reward: $2.75 VS. $12.25. Today's Risk Reward Ratio: 4:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$94.00
Risk/Reward:
$2.75 VS. $12.25
Risk/Reward Ratio:
4:1
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