OptionsPlay DailyPlay

The bullish DailyPlay we chose for Wednesday May 6th is 3M Company (MMM). MMM is part of the Industrials Sector (XLI). XLI’s 1-month and 6-month trends just turned bearish after being rejected off its 50-day moving average. XLI looks positioned to move lower towards its $54.83 support level.

3M Company is in a bearish trend with a technical score of 5 (out of 10). MMM is showing negative momentum as it experiences a 0.70% move lower on Tuesday and looks positioned to continue lower.

View this trade idea on $MMM