Chart of the Day - 3M Company (MMM)

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.