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Blue-Chip Stock Could Surge to Highest Level Since 2019
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3M Co (NYSE:MMM) stock is poised for a potential surge, having bounced off the $160 support level and nearing its four-year high of $172.85. Historically bullish signals and low implied volatility suggest a possible rise above $176, marking its highest level since 2019. Analysts show optimism, though some hold "hold" ratings, indicating room for upgrades. Options traders' bearish stance may shift, further supporting upward momentum.
Source: Schaeffers The copyright of this article belongs to the original author/organization.
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