Short term view - 3M COMPANY : Overbought stochastics
The trend is bearish. The recovery is a consolidation. Stochastics are at the overbought level.The fall can soon resume toward $192.600. The background trend would be questioned should prices rise above $220.300.
3M is a technology company. The company has four segments: Safety and Industrial, which consists of personal safety, industrial adhesives and tapes, abrasives, closure and masking systems, electrical markets, automotive aftermarket, and roofing granules; Transportation and Electronics, which consists of electronics, automotive and aerospace, commercial solutions, advanced materials, and transportation safety; Health Care, which includes medical solutions, oral care, separation and purification sciences, health information systems, drug delivery systems, and food safety; and Consumer, which consists of home improvement, stationery and office supplies, home care, and consumer health care.
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