lauralea

Bottom Fishing

lauralea Updated   
NYSE:MMM   3M Company
Price is under the bands after a massive sell off that was not an earnings miss.

Folks just got tired of MMM I suppose.

Price fell from what appears to be one of those Heavy Bear Flags I've been seeing a lot of lately. They are almost like a channel up at first look but something does not feel bullish about them.
My first bear market so DUNNO (O:

Not a growth stock and considered to be a conglomerate with a nice yield.
Possible Stop under 104 so not a big risk I guess.

EPS (FWD)
10.39
PE (FWD)
11.71
Div Rate (FWD)
$5.96
Yield (FWD)
4.90%
Short Interest
1.80%
Market Cap
$67.37B

No recommendation.

I am not indicating this is close to the bottom. I am watching for now.
I have learned the hard way that even dirt can get cheaper )o:
Comment:
Correction: Stop loss under 114 not 104.
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