Price Patterns - Multi-Year Sideways Pattern Spells Trading Opportunity

A stock that moves for several years in a sideways pattern between support and resistance levels affords investors a chance to make money trading it. 3M (MMM), a large conglomerate, has moved between $70 and $90 since mid 2003 giving investors numerous opportunities to buy low and sell higher.

Use the Price Direction Indicator (PDI) to select your buy and sell points as the stock moves up and down.

Posted July 8, 2006.