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MMM

MMM ShortI did a discounted cash flow valuation on 3m assuming a revenue growth rate of 5%, in line with 10, 5, and 3 year historical averages and it produced a valuation of $135. A 41% downside valuation... When I saw this I questioned the legitimacy, but played around with revenue growth rates and found, that, to justify it's current valuation of $236.55, MMM would need to see top-line growth of 12% YoY. Leave a comment and let me know what your thoughts on MMM are, for now I'm short them, but would love to hear some other view points.
NYSE:MMMShort
by StuartTabor
MMM - Upward channel breakdown short from $221.87 to $184.70MMM Seems breaking down from an upward channel formation & also breaking down below 200 days moving average. It has fair amount of insider selling. We think it will continue downward from here. To play this we Could consider July $200 Puts (currently 2.10) * Trade Criteria * Date First Found- March 23, 2018 Pattern/Why- - Upward channel breakdown short Entry Criteria- $221.87 Exit Criteria- 1st Target $200.73 & 2nd Target $184.70 Stop Loss Criteria- $238.57 Indicator Notes- Negative Twiggs money flow index Special Note- Insider selling a few 29-36% selling. Could consider July $200 Puts (currently $2.10) Please check back for Trade updates. (Note: Trade update is little delayed here.)
NYSE:MMMShort
by AcornWealthCorp
MMM - Upward channel breakdown short from $221.87 to $184.70MMM Seems breaking down from an upward channel formation & also breaking down below 200 days moving average. It has fair amount of insider selling. We think it will continue downward from here. To play this we Could consider July $200 Puts (currently 2.10) * Trade Criteria * Date First Found- March 23, 2018 Pattern/Why- - Upward channel breakdown short Entry Criteria- $221.87 Exit Criteria- 1st Target $200.73 & 2nd Target $184.70 Stop Loss Criteria- $238.57 Indicator Notes- Negative Twiggs money flow index Special Note- Insider selling a few 29-36% selling. Could consider July $200 Puts (currently $2.10) Please check back for Trade updates. (Note: Trade update is little delayed here.)
NYSE:MMMShort
by AcornWealthCorp
3M, Good time to buy or just getting started?3M's earning report came up a bit short, however they have had continuous growth. Looking at this trend in the long term I believe we've hit a temporary top. I believe we will test sub $190 prices before we potentially continue the bull trend. I also don't think it's unreasonable for it to tap $175-$180 although I do think that's unlikely. I would look to go long around the $185 mark with a target of $205, it could hit $225 if trend continues.
NYSE:MMM
by KingPrawn
DOW JONES OVERVIEW: 3M RISKS TO TEST 10-YEAR TREND3M price is in a very tricky situation... On long term basis it failed its 5-year (260 weeks) uptrend test by falling below the 1st upper standard deviation from 5-year mean. It's 10-year uptrend is still intact, as price is trading above upper 1st standard deviation from 10-year (520 weeks) mean. On short term price is in downtrend on quarterly basis (below 1st st deviation from quarterly (66-day) mean, which is now allinged with upper 1st standard deviation from 5-year mean) Price has also fallen below upper 1st standard deviation from 1-year (264 days) mean, risking downtrend on 1-year basis. Thus if 3M continues to trade below 1st standard deviation from quarterly mean (149) and below 1st standard deviation from 1-year mean (144.75), it risks to retest the 10-year trend border, marked by the upper 1st standard deviation from 10-year mean (130)
NYSE:MMMShort
by Killy_Mel
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