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Next Resistance Level for 3M (MMM) is $100.45
[January 25, 2013]

Next Resistance Level for 3M (MMM) is $100.45

Jan 25, 2013 (SmarTrend(R) News Watch via COMTEX) -- Shares of 3M (NYSE:MMM) opened today above their pivot of $99.43 and have already reached the first level of resistance at $100.06. Analysts will be watching for a cross of the next upside pivot targets of $100.45 and $101.47.

3M (NYSE:MMM) has potential upside of 6.4% based on a current price of $100.46 and analysts' consensus price target of $106.93. The stock should find initial support at its 50-day moving average (MA) of $93.06 and further support at its 200-day MA of $90.40.

In the past 52 weeks, shares of 3M have traded between a low of $81.98 and a high of $100.76 and are now at $100.46, which is 23% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.7%.

SmarTrend recommended that subscribers consider buying shares of 3M on November 29th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $91.24. Since that recommendation, shares of 3M have risen 9.2%. We continue to monitor MMM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Write to Chip Brian at --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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