3M's earning report came up a bit short, however they have had continuous growth. Looking at this trend in the long term I believe we've hit a temporary top. I believe we will test sub $190 prices before we potentially continue the bull trend. I also don't think it's unreasonable for it to tap $175-$180 although I do think that's unlikely.
I would look to go long around the $185 mark with a target of $205, it could hit $225 if trend continues.
I would look to go long around the $185 mark with a target of $205, it could hit $225 if trend continues.