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Where Pro Traders Are Planning To Short $MMM For An Easy Profit

Pro traders around the world are eyeing one major level on 3M Co (NYSE:MMM). The $210.00 is a major gap fill from the earnings debacle just two weeks ago. Two weeks ago, 3M Co reported horrible sales and earnings numbers and guidance to match. The stock was slammed lower, dropping from $210 to near $197.00 in just one day. Two weeks later it has almost climbed out of the hole back to $210.00. This pre-earnings level will be huge resistance as many investors who held into earnings and got crushed, will get a chance to get out flat. Smart pro traders will short this level. I plan to short it myself, though not sure if I consider myself a 'smart' pro trader. :)