3M EARNINGS DUE ON TUESDAY-MARKET LOOKING SLIGHTLY NEGATIVE
3M will report its Earnings on Tuesday. The company shares are already on a high note since the last one week .The closing price of 3M stock on Friday was $201.88 per share. The stock touched the 203.13 level on 18thJuly. The stock constitutes 5.46% weightage in the Dow Jones Industrial Average. The DJIA fell 0.013% to 25058.12 on Friday. Analysts expect 3M to post earnings per share of $2.59 when the company reports second quarter earnings on Tuesday.
RSI is currently at 55.54% and suggests that the market may continue trading sideways. The %K crossed the %D from above to downside at 87.5% and suggests that market may go down.
TRADE SUGGESTION- LIMIT SELL AT 200 TAKE PROFIT AT 198.57 STOP LOSS AT 200.7