Progressive Chart SetupProgressive 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!Longby I_LIKE_IT_ALLOT5
Buy rating for Progressive CorpEntry 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 property-casualty insurance and related services. It operates through the following segments: Personal Lines, Commercial Lines, Property, and Other Indemnity. The Personal Lines segment includes agency and direct businesses. The Commercial Lines segment writes primary liability and physical damage insurance for automobiles and trucks owned and operated predominately by small business in the auto, for-hire transportation, contractor, for-hire specialty, tow, and for-hire livery markets. The Property segment covers residential property insurance for homeowners, other property owners, and renters. The Other Indemnity segment manages run-off businesses. The company was founded in 1965 and is headquartered in Mayfield Village, OH.Longby Bullishcharts1144
PGR GAP ANTICIPATION EARNING SEASON 16-7-19PGR GAP ANTICIPATION EARNING SEASON 16-7-19Longby TRADINGIDEAS012
PGR nice even double top and MACD divergence to downsidePGR 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.by AIQ_SystemsUpdated 0
PGR BREAKOUTPGR is currently showing a strong bullish trend. Today it jumped up hard and the volume confirms that this isn't about to stop. Longby Taylor1920Updated 3
***GOOD LONG SETUP***NYSE:PGR Buy above yesterday's high. see the chart. Please like, comment and follow if you like my ideas. THANK YOU!!! Please note that this information is not a recommendation to buy or sell. It is to be used for educational purposes only.Longby xtrading_ideas0
PGR offers a good risk reward ratioPGR may now sit on a double bottom and at a good support. It offers a good risk reward ratio if everything goes according to the plan setup.Longby trad3r740
PGR: Past Resistance = Future Support Technical: (1) Past Resistance = Future Support (2) Strong Trendline Direction (3) Stochastics Oversold (4) RSI @ Extremes (5) MACD Extreme Fundamental: solid companyLongby Rocketman2
PGR - watchlist - channel setupPGR I made a mistake 2 weeks ago when I bought this stock thinking it was a breaking out from a flag. Fortunately, I only had a tiny position size and only took a small lose. The chart however is still looking great with a predictable pattern of 1. breaking the the 50ma 2. pulling back to the fib zones 3. and bouncing of the the long term lower trend line. Horizontal S&R: looking for pullback Channel S&R: yes, rising up trend. MA S&R: above both 20 and 50 >200ma: yes Volume confirmation: ww Candle Confirmation: ww Stoch Divergence: no Reg Trendline > n/a Shrs Float: 578M Short Float: 2% Risk / Reward: 3:1 Zacks Rank: 2-Buy 2 Style Scores: C Value | B Growth | B Momentum | B VGM Industry Rank: Bottom 43%(146 out of 255) Industry: Insurance - Property and Casualty Latest analyst commentary: Progressive analyst commentary at MKM Partners Progressive price target raised to $85 from $80 at MKM Partners. MKM Partners analyst Harry Fong raised his price target on Progressive to $85 and kept his Buy rating, citing the 55% increase in its advertising spending disclosed in the company's latest 10-Q filing. The analyst states that this is the biggest increase in advertising since the late 1990's, and contends that the higher rate of spending reflects the management's expectations of Progressive's stronger revenue growth to continue. Fong further notes that competing through higher advertising is preferable for auto insurers over cutting rates since it is "much easier to stop spending the marginal advertising dollar when results are not as expected". Read more at: thefly.com by SR6183
PGR - showing strength in a weak marketFlag Channel S&R: yes, rising up trend. MA S&R: above both 20 and 50, breaking out 52w high >200ma: yes Volume confirmation: yes Candle Confirmation: no Stoch Divergence: no, embed Reg Trendline > 85: n/a Short Float: 2% Risk / Reward: 3:1 Zacks Rank: 2-Buy 2 Style Scores: B Value | A Growth | A Momentum | A VGM Industry Rank: Bottom 32%(174 out of 255) Industry: Insurance - Property and CasualtyLongby SR6182
PGR: Reporting on 7/17 and I expect this to see 62+ by thenSmall play July 20th-62.50 @0.15x0.25 good risk reward play.by lousyjets1
PGR: may be the beginning of right shoulder formation.I am bullish (short term) and can see this pop to 62.40-62.50 area. Will play earning run.Longby lousyjets1
nice scalp w/ pennant/flag on progressive monitoring for continuation. Flow smiling somewhere Longby Trading_Off_The_Charts1
Progressive CorpPGR is giving a long signal today. For me that would make Friday and entry day based on a modicum of pullback for a proper long entry. Additionally, observe the break of the upper trendline. Keep an eye on it friends.Longby TraderfyBrian110
progressive corp - long pgr there are 2 dimensions supporting long position on the stock 1. from fundmental point of view the company have high piotrosli f-score of 8.39 (9 is max) and and 2+% dividend which is sort of safety cusion 2. from technical point of view the company broke up a triangle with a big than usual volume and a high green candle + the short term EMAs crossed the long term EMAs + CMF is positive stop (for traders) under the lower trend line Longby dumuzid111