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MINNESOTA MINING & MFG
(MMM-NYSE):
Technical Viewpoint: From a low
of $92 3/4 on Nov 14, 2000 prices
rallied, reaching a
high of $119.00
on Dec 5, 2000. A
decline saw prices pull back, reaching a
low of
$109 1/2 on Dec 21, 2000.
Another rally saw prices penetrate
resistance, closing 12/26/00
at $115.00. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Oct 27, 2000 when the Histogram crossed the "0" line to the upside.
Support: Remains at $109 1/2. Resistance: Is at $116.00.
Point & Figure: Reversed to the upside on Dec 22, 2000. A P&F upside
reversal takes place at $112.00. Summary: Technical indicators have turned bullish. BUY! MINNESOTA MINING & MFG
(MMM-NYSE) @ $115 1/8 Stop: Use a protective stop of $112 1/8.
MINNESOTA MINING & MFG is currently trading @ $115.00 plus $2 1/4 on Dec 26, 2000. Price Objective:
$137.00. Risk/Reward: $3.00 VS. $21 7/8. Today's Risk Reward Ratio: 7:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$137.00
Risk/Reward:
$3.00 VS. $21 7/8
Risk/Reward Ratio:
7:1
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