Progressive's most recent trend suggests a bullish bias. One trading opportunity on Progressive is a Bull Put Spread using a strike $77.50 short put and a strike $72.50 long put offers a potential 19.05% return on risk over the next 13 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $77.50 by expiration. The full premium credit of $0.80 would be kept by the premium seller. The risk of $4.20 would be incurred if the stock dropped below the $72.50 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Progressive is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Progressive is bullish.
The RSI indicator is at 73.17 level which suggests that the stock is neither overbought nor oversold at this time.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for Progressive
Edited Transcript of PGR earnings conference call or presentation 6-May-20 1:30pm GMT
Thu, 04 Jun 2020 13:22:01 +0000
Q1 2020 Progressive Corp Earnings Call
Hedge Funds Are Buying The Progressive Corporation (PGR)
Fri, 29 May 2020 15:24:54 +0000
In this article you are going to find out whether hedge funds think The Progressive Corporation (NYSE:PGR) is a good investment right now. We like to check what the smart money thinks first before doing extensive research on a given stock. Although there have been several high profile failed hedge fund picks, the consensus picks […]
Why You Should Add Progressive (PGR) Stock to Your Portfolio
Tue, 26 May 2020 15:28:40 +0000
Giverny Capital recently released its Q1 2020 Investor Letter, a copy of which you can download below. You should check out Giverny Capital’s top 5 stock picks for investors to buy right now, which could be the biggest winners of the stock market crash. There weren’t a lot of funds who could deliver these kinds […]
How Does The Progressive Corporation (NYSE:PGR) Fare As A Dividend Stock?
Mon, 25 May 2020 17:42:26 +0000
Is The Progressive Corporation (NYSE:PGR) a good dividend stock? How can we tell? Dividend paying companies with…
Should Value Investors Buy Progressive (PGR) Stock?
Thu, 21 May 2020 15:50:03 +0000
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
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