Progressive (PGR), the third-biggest auto insurer in the US. Progressive has been growing its premiums at mid-teens with combined ratios below 91% over the last several years. (from Seeking Alpha)
Harmonically we are at an interesting juncture where there appears to be a confluence of two Bullish Harmonic Patterns.
We are also at a .618 of the recent range from Feb. 2021
Specifically an Entry point, targets and a recommended stop are marked.
The risk reward on this isn't great. I'd like to see it get a head of upward steam.
You have to like the overall market in general and FLO's advertising influence in particular.