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$MMM Hits Sell Short Level That Smart Investors Will Take Advantage Of

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This article is published in collaboration with Scutify, where you can find real-time markets and stock commentary from Robert Marcin, Cody Willard and others. Download the Scutify iOS App, the Scutify Android App or visit Scutify.com.

Most investors are so bullish that they will be too blinded to short 3M Co (NYSE:MMM). However, this is probably the best short trade setup in the Dow 30. The stock has climbed for three straight weeks from $174 to $187.50. On fundamental valuations, the stock is way overbought and in technical chart trading, 3M Co has hit a trend line that caused a sharp sell off the last two times it hit. Any way you look, 3M Co is a stone cold short. Again, I personally do not think most investors will be sane enough to take advantage of this as they believe the stock market will go up forever. I, on the other hand am not swayed by emotion or greed or the talking heads on TV. 3M Co is a short with a downside target of $150.00. Huge profits to be had here.

View my trades and Verified performance right now, click here. Simply join Verified Investing for free and anytime I buy a stock/ETF, you will get an email. You can then opt-into the trade getting my exact entry price, target and stop. Those who take my trades, only reward me (a Verified Trader) with a few Dollars IF they get big winning trade information.

Stock market investors can sell short shares of 3M Co


This article was written by Markus Teller for on .

This article published in collaboration with Scutify, the best app for traders and investors. Download the Scutify iOS App, the Scutify Android App or visit Scutify.com.

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