The broader markets seem to be in the midst of some type of correction as the sell off is continuing today. With these declines I am seeing potential levels to buy stocks such as 3M Co (NYSE:MMM). This giant conglomerate is off about 1.70% and almost 4% from its high of $147.87, set back on September 19. If this market is indeed headed for lower levels then a stock such as 3M Co (NYSE:MMM) should be on your buy list. On the chart below I have singled out the level of $139 as a great level to buy this stock on the long side. This a level where 3M Co (NYSE:MMM) previously found support, this is also where the daily 200ma will rise into and a proprietary level which resides there too. I will keep an eye on this chart and you should too if you want to make money.
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Parm Mann
Elite Round Table
Follow me on twitter: @ParmMannTrader
If you only read one email again, make sure it comes from the Elite Round Table. Our FREE market emails contain information that can actually make you money. Ask yourself, what email have you read that can do that? Answer = none. Join our list here.
Parm Mann
Elite Round Table
Follow me on twitter: @ParmMannTrader