29.04.2016 - The price of 3M It may fall in the near future
Shares of 3M Co. showed strong growth during which reached the resistance at 170.00 and began to decline. As a result, the price broke through the lower boundary of the local rising channel. In case of continued negative dynamics, and fixing of price below the local minimum at 165.20, we recommend to open short positions with the potential of decrease to the levels 160.00 and 154.00. In the coming weeks, we expect the decline in the share price.