Progressive Corp ( Ohio ) [ NYSE: PGR ]Progressive Corp ( Ohio )
Pending Order Placement
Entry Placement 83.83
Take Profit Placement 96.32
Stop Loss Placement 75.50
PGR trade ideas
Stock PGR SeasonalityStock 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
PGRSystem T Performances: Annual Compound Profit 40%, Win Rate 55%, Risk/Reward Ratio 1:2, 20 Years of Backtesting Data, Over 100 Markets.
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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 of how I think about systematic trading and the signals generated by the System T.
(This is my opinion only, NOT the financial advice.)
I think that for the system to open a trade and manage risk, it only needs a buy signal & a stop-loss signal clearly on the chart.
Once the system finds a good trend, it will ride it as long as possible. The stop-loss will be adjusted accordingly to the new price movement.
(Remember to follow this trade idea and follow my profile to get updates about the stop-loss adjustment and sell signal based on the latest price and market conditions daily.)
System T performances above will give you an idea of how it performs in the last 20 years.
Notice that this result was achieved only if I strictly followed the rule: "Only and Always Buy & Sell based on the System Signals".
Don't sell when there is no sell signal as we all want to follow the good trends til the end like everything in life does. \(^-^)/
Also, my system is extremely diversified through over 100 markets so that it only risks less than -1% of the total capital per trade.
Thank you and good luck!
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DISCLAIMER:
I am NOT a financial advisor, and nothing I say is meant to be a recommendation to buy or sell any financial instrument.
My views are general in nature and I am not giving financial advice. You should not take my opinion as financial advice. This is my opinion only.
Do your own due diligence, and take 100% responsibility for your financial decisions.
Trading and investing are risky! Don't invest money you can't afford to lose, because many traders and investors lose money. There are no guarantees or certainties in trading.
- Content is for education purposes only, not investment advice.
- Trading involves a high degree of risk.
- We’re not investment or trading advisers.
- Nothing we say is a recommendation to buy or sell anything.
- There are no guarantees or certainties in trading.
- Many traders lose money. Don’t trade with money you can’t afford to lose.
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!
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.
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.
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.
***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.
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.
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 company
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
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 Casualty
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.
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.
