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Where Pro Traders Are Planning To Short $MMM For An Easy Profit

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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.

Pro traders around the world are eyeing one major level on 3M Co (NYSE:MMM). The $210.00 is a major gap fill from the earnings debacle just two weeks ago. Two weeks ago, 3M Co reported horrible sales and earnings numbers and guidance to match. The stock was slammed lower, dropping from $210 to near $197.00 in just one day. Two weeks later it has almost climbed out of the hole back to $210.00. This pre-earnings level will be huge resistance as many investors who held into earnings and got crushed, will get a chance to get out flat. Smart pro traders will short this level. I plan to short it myself, though not sure if I consider myself a 'smart' pro trader. :)

View ALL of my trades and Verified performance right now, click here.

Earnings gap fill stock chart for investors to sell on 3M Co


This article was written by Anna B 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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