The 3M Company (MMM) has been embroiled in a lawsuit over their earplugs for the U.S. military. Reports indicate a settlement was reached Monday and the stock price has rallied. Let's see how this may change the charts and indicators.
In this daily bar chart of MMM, below, I can see that an opening in the $104-$105 area will mean that prices have rallied back above the 50-day moving average line. Prices will still be below the declining 200-day line and that indicator is more important for investors. Trading volume has been "uneventful" the past year and suggests that prices have not reached a level or area that is attractive.
The On-Balance-Volume (OBV) line has been in a slow decline as sellers of MMM have been more aggressive than buyers. The Moving Average Convergence Divergence (MACD) oscillator is bearish.