MMM is a good candidate to short above $179

Discussion in 'Stocks' started by hajimow, Jan 18, 2017.

  1. hajimow

    hajimow

    Cover price 175 to 177.5. Check out the chart.
     
  2. vanzandt

    vanzandt

    6 month chart has a perfect inverse head and shoulders. Be careful Haji.

    Now Dominoes Pizza... DPZ.... that one is due for a pullback, especially above $168.
     
  3. hajimow

    hajimow

    Thanks for letting me know. I am careful. My short list is getting bigger.
    CAT, MRK, ADI, HD and now MMM.
     
  4. $MMM tight 5-week box consolidation with even tighter Bollinger Bands inside #3M
    [​IMG]
     
  5. vanzandt

    vanzandt

    Haji....
    3M reports tomorrow.
    Just a heads up.
     
    hajimow likes this.
  6. hajimow

    hajimow

    Thanks for letting me know.
     
  7. 3M to release Q416 earnings on Tuesday. Analysts expect 1.89 EPS.
     
  8. vanzandt

    vanzandt

    Lookin good Haji. Good call.
     
  9. hajimow

    hajimow

    I already sold 177.5 weekly put for 2.09 yesterday to protect myself. it is as if I have already covered it at 175.5. My next target stock is CAT. It will report this week.
     
  10. 3M Company's PT raised by Stifel Nicolaus to $190.00. hold rating.
     
    #10     Jan 26, 2017