3M

AAA

For today's chart we've chosen to look at MMM because it has recently fallen from its May high near $89 to today's low of $67.05. As you can see from the chart below, today's earnings sent the stock price of 3M below a medium-term support that was located near $70.29. We would now expect to see the broken support level prevent the price from heading higher when the bulls decide to step back in.



MMM_072506.gif

You May Also Like

Related Analysis
  1. Chart Advisor

    Use These Two ETFs To Profit From A Reversal In Gold

  2. Chart Advisor

    Trade Strong U.S. Small Caps with this ETF

  3. Stock Analysis

    Faceboook (FB) Revenue Surges on Mobile Ads - Stocks in the News

  4. Stock Analysis

    Zacks Rank Buys: Infinera (INFN) & PolyCom (PLCM) - Video Blog

  5. Stock Analysis

    Will Occidental Petroleum (OXY) Miss on Earnings in Q4? - Analyst Blog

Trading Center