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. Trading Strategies

    Enter Trades Ahead Of The Emotional Crowd

  2. Investing

    The Perfect Stock for This Raging Bull Market

  3. Stock Analysis

    Is Arena Pharmaceuticals In Trouble?

  4. Stock Analysis

    Will Ride Sharing Crush Medallion Financial?

  5. Stock Analysis

    What Is Marvell's Mobile Progress?

Trading Center