AIQ_Systems

PGR nice even double top and MACD divergence to downside

NYSE:PGR   PROGRESSIVE CORP(OHIO)
PGR looks to be rolling over from the double top at new highs. MACD diverging down and the slope seems to indicate PGR should be at just over $80. The pattern took 25 trading days and isnt as even a V-shape as we look for, but going to grab some July 19 80 puts just after the open today. Target to sell before end of the week.
Comment: sold for a small loss on friday its taking too long for this July option to gain with the price of PGR remaining static.
Comment: glad we didnt hang around there's not enough time left in the July 19 outs to make headway
Comment: and in the world of trading who knew. had 3 contracts that didnt go that we hung on to and sold this morning fora good 60% gain
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Help Center Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out