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Watch for Shares of 3M Co (MMM) to Approach Support at $147.38

May 21, 2020 (SmarTrend(R) News Watch via COMTEX) --
Shares of 3M Co (NYSE:MMM) opened today below their pivot of $149.98 and have already reached the first level of support at $148.53. Analysts will be watching for a cross of the next downside pivot targets of $147.38 and $144.78.

Potential upside of 0.0% exists for 3M Co, based on a current level of $0.00 and analysts' average consensus price target of $225.00. The stock should run into initial resistance at its 50-day moving average (MA) of $142.07 and subsequent resistance at its 200-day MA of $159.70.

3M Co share prices have moved between a 52-week high of $187.72 and the current low of $0.00 and are currently at $0.00 per share. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.2%.

SmarTrend is monitoring the recent change of momentum in 3M Co. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of 3M Co in search of a potential trend change.

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