3M Company (MMM) is trading at $161.63, just above its 200-day moving average of $157.60. A move back above the 200-day line is a widely watched signal that a longer-term downtrend may be stabilizing.
The price of 3M Company (MMM) ($161.63) now sits 2.6% above its 200-day moving average of $157.60.
The shares yield 1.93% at this level.
The 200-day moving average is a common proxy for the long-term trend. Recapturing it does not guarantee further gains, but it is the kind of technical milestone trend-followers monitor.
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