Latest news is bearish:
From Forbes.com:
"While 3M dominates the market in screen films for large-size TVs - DisplaySearch estimates 3M's share at 90 percent - it faces more competition at the smaller sizes, where it has some 75 percent the market."
"Chairman and Chief Executive George Buckley said that at the same time, it appears that the television industry "overestimated demand for LCD televisions in anticipation of the FIFA World Cup and has temporarily reduced production accordingly, also impacting sales of our optical films."
Some support looks to be forming in $71-72 area in with MACD and RSI indicators beginning to bottom out. Price however still well below 50 and 200 day MA. From a contrarian perspective it would seem a decent enough buy in the next few days/week. Any opinions?
From Forbes.com:
"While 3M dominates the market in screen films for large-size TVs - DisplaySearch estimates 3M's share at 90 percent - it faces more competition at the smaller sizes, where it has some 75 percent the market."
"Chairman and Chief Executive George Buckley said that at the same time, it appears that the television industry "overestimated demand for LCD televisions in anticipation of the FIFA World Cup and has temporarily reduced production accordingly, also impacting sales of our optical films."
Some support looks to be forming in $71-72 area in with MACD and RSI indicators beginning to bottom out. Price however still well below 50 and 200 day MA. From a contrarian perspective it would seem a decent enough buy in the next few days/week. Any opinions?
