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. Stock Analysis

    Costco, More Retailers On Deck For Earnings This Week

  2. Investing

    The Top 6 Companies Owned By Apple

  3. Active Trading Fundamentals

    Who are GoDaddy's (GDDY) main competitors?

  4. Stock Analysis

    Will This Drug Beat Gilead to Market in NASH?

  5. Stock Analysis

    Energy Transfer Could Learn From Williams Cos.

Trading Center