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
comments powered by Disqus
Related Analysis
  1. ConAgra Now Getting Almost Full Benefit Of The Doubt
    Stock Analysis

    ConAgra Now Getting Almost Full Benefit Of The Doubt

  2. Stocks And Their RSIs To Watch (DRC, GOLD, GPN, IOC)
    Stock Analysis

    Stocks And Their RSIs To Watch (DRC, GOLD, GPN, IOC)

  3. Oversold Stocks In Uptrends
    Stock Analysis

    Oversold Stocks In Uptrends

  4. 4 Stocks Sitting On Support
    Stock Analysis

    4 Stocks Sitting On Support

  5. Potential Short Squeeze Candidates
    Stock Analysis

    Potential Short Squeeze Candidates

Trading Center