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Jim Van Meerten
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Jim Van Meerten is an advisor to Marketocracy Capital Management and writes on financial subjects here and on Barchart Portfolio Blogs and Seeking Alpha. He earned a BS in Accounting and Business Administration from Berry College; a Juris Doctorate from the Woodrow Wilson School of Law; and... More
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  • 3M - MMM - Barchart Chart Of The Day 0 comments
    Aug 14, 2012 10:16 AM | about stocks: MMM

    Barchart.com's Chart of the Day - 3M Company (NYSE:MMM)

    Barchart Research Team - BC - Mon Aug 13, 6:18PM CDT

    Related Stocks
    MMM - 3M Company

    Sym Last Chg Pct
    MMM 92.12 -0.28 -0.30%

    The "Chart of the Day" is 3M Company (MMM), which showed up on Monday's Barchart "52-Week High" list. 3M on Monday posted a 1-year high at $92.59 and closed up +0.12%. TrendSpotter has been long 3M since July 2 at $89.28. In recent news on the stock, 3M announced late Thursday that it signed an agreement with Healthland to license its 3M coding, grouping, editing and reimbursement software products. Under the agreement, Healthland, a provider of fully integrated solutions to rural community and critical access hospitals, will integrate the 3M solutions with its electronic health record (EHR) system and other applications to provide customers with actionable information that can be used to improve clinical outcomes, obtain appropriate reimbursement, facilitate quality reporting and prepare for ICD-10. 3M Health Information Systems will license the 3M Coding and Reimbursement System, 3M's market-leading coding software and 3M Grouper Plus Content Services. 3M, with a market cap of $63.5 billion, is a diversified technology company with leading positions in consumer and office; display and graphics; electronics and telecommunications; health care; industrial; safety, security and protection services; transportation and other businesses.

    (click to enlarge)mmm_700

    How we found the Chart of the Day:

    We found the "Chart of the Day" by scanning the Barchart "52-Week High" list. In order to get to that list, we first clicked on the Stocks menu item on the Barchart home page, then on the "52-Week Highs" menu item on the left menu bar. We then sorted the list by percentage gainers by clicking on the "Percent" column title. A stock that has posted a new 52-week high is typically showing strong upside momentum.

    The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

    • TrendSpotter: Buy
    • Short-Term Indicators: 80% Buy
    • Medium-Term Indicators: 100% Buy
    • Long-Term Indicators: 100% Buy
    • Overall Average 96% Buy

    Barchart links for further information:

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    Chart of the Day Archive
    View Past Chart of the Day Reports

    Stocks: MMM
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