Possible stop below last pivot low or under a strong source of support.
Resistance noted right at price. If price makes it through this level, it could become support.
This may also be an ABC bullish pattern with A at 84.83. In an ABC bullish pattern C can fall around the .786 of AB but not always. Best to wait until there is evidence price stopped at C as it...
The PEAD projected a Bullish outlook for $PGR after a Positive Under reaction following its earnings release placing the stock in drift A
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
Insurance names have been building some steam recently as have others that have lagged in a growth-focused market. Nice flag break in progress and a potential run into earnings in late April.
PGR
BUYZONE = 81 - 82
Cost Ang Down (CAD) = 70 -71
1st Target = 92
2nd Target = 98
HODL Target = ATH+
______________________________________________________________________________________________________________________
This content is for informational, educational and entertainment purposes only. This is not in any way, shape or form financial or trading...
Stock PGR seasonality starts to Buy date on January 29 and ends Sell date on April 21
Percent Profitable is 94.74% in 19 years and an average return of 10.42% per year
System T Performances: Annual Compound Profit 40%, Win Rate 55%, Risk/Reward Ratio 1:2, 20 Years of Backtesting Data, Over 100 Markets.
* Click Like and Follow to Support My Work!
---
Hi Traders,
I'd like to introduce the System T, a computerized trading system that analyzed and backtested the 20 years history data of over 100 markets.
This post is my sharing...
Progressive stock momentum building with moving average crossing.
Bullish MA cross indicator. Alarm bells ringing after 1/3/20. Set up beautifully for a run into earnings!
Entry level $73.60 = Target price $78.00 = Stop loss $71.80
Upgraded from hold to buy with a $84 price target.
Indicators in a very bullish trajectory.
P/E ratio 13
Company profile.
Progressive Corp. is an insurance holding company, which engages in the provision of personal and commercial auto insurance, residential property insurance, and other specialty...
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.
![PGR: Progressive Corp ( Ohio ) [ NYSE: PGR ]](https://s3.tradingview.com/w/wpoaGH5k_mid.png "Progressive Corp ( Ohio ) [ NYSE: PGR ]")
