Progressive (PGR) Offering Possible 5.26% Return Over the Next 27 Calendar Days

Progressive's most recent trend suggests a bullish bias. One trading opportunity on Progressive is a Bull Put Spread using a strike $72.50 short put and a strike $67.50 long put offers a potential 5.26% return on risk over the next 27 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $72.50 by expiration. The full premium credit of $0.25 would be kept by the premium seller. The risk of $4.75 would be incurred if the stock dropped below the $67.50 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 61.92 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

8 Stocks That Will Have You Investing Like Buffett
Thu, 18 Apr 2019 17:22:08 +0000
Warren Buffett's $82.5 billion estimated net worth makes him the world's third-wealthiest man, behind Microsoft's Bill Gates and Amazon's Jeff Bezos. Unlike Gates and Bezos, however, Buffett's fortune came from investing in other companies. Since Buffett took control of Berkshire Hathaway in 1964, the price of Berkshire's A shares has increased at an annualized rate of 20.5%, compared with 9.7% for Standard & Poor's 500-stock index. Like most wildly successful investors, Buffett makes it sound easy: Buy quality companies with great businesses, and try to buy low when the opportunity arises. Invest for the long term. Those rules–and a canny eye for opportunity–have led Berkshire to stocks as diverse as Apple, Coca-Cola, Costco and Visa. Most stocks, even the ones Buffett loves, aren't cheap. "Prices are sky-high for businesses possessing decent long-term prospects," Buffett said in his 2018 shareholder letter. The eight stocks here embody virtues that Buffett loves. Not all are bargains, but all are high-quality stocks with rock-solid balance sheets, strong competitive advantages, prodigious cash generation or the power to raise prices, even in tough times. SEE ALSO: How Well Do You Really Know Warren Buffett?

RLI Q1 Earnings Surpass Estimates, Revenues Increase Y/Y
Thu, 18 Apr 2019 15:26:03 +0000
RLI Q1 earnings reflects improved premiums across most of its product lines along with increase in net investment income in the quarter.

Travelers' (TRV) Q1 Earnings Top on Lower Catastrophe Loss
Thu, 18 Apr 2019 15:18:03 +0000
Travelers' (TRV) Q1 earnings reflect higher premiums benefiting from the new cat reinsurance treaty as well as lower catastrophe loss.

Torchmark (TMK) Q1 Earnings and Revenues Beat Estimates
Thu, 18 Apr 2019 15:15:03 +0000
Torchmark (TMK) Q1 earnings reflect higher premiums from the Life and Health segments.

Company News For Apr 17, 2019
Wed, 17 Apr 2019 14:26:02 +0000
Companies in the news are: BLK, PGR, FHN and CMA

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