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

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