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3M Company (MMM) – stock is trading around $181.35 dollars as of January, 21, 2020 and offering a possible buying price between $180.11 – $189.12. Let’s look at the stocks technical actions using a weekly chart.
2. The stock witnessed a breakdown back in April, 2019 in monster volume.
3. The stock also staged the 200 & 50 day moving averages (DMAs) bearish crossover at that time.
4. The stock was in a downtrend for a while since the crossover.
5. The stock finally regained the 50 DMA.
6. The stock also regained the 200 DMA recently.
7. The stock is offering possible buying price between $180.11 – $189.12, with a stop loss at $165.70.
This stock is already part of the Stocks Above 100 Dollars pick and performance will be tracked here .
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