Progressive's most recent trend suggests a bearish bias. One trading opportunity on Progressive is a Bear Call Spread using a strike $115.00 short call and a strike $125.00 long call offers a potential 9.89% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $115.00 by expiration. The full premium credit of $0.90 would be kept by the premium seller. The risk of $9.10 would be incurred if the stock rose above the $125.00 long call 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 down which suggests that the medium-term momentum for Progressive is bearish.
The RSI indicator is at 43.1 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
RLI Q1 Earnings and Revenues Beat on Solid Underwriting
Thu, 21 Apr 2022 13:49:01 +0000
RLI's 1Q results reflect solid performance across all its segments and favorable reserve development, which aided underwriting results, and higher net investment income
California insurance commissioner on climate standards: ‘Transparency is critical'
Mon, 18 Apr 2022 16:09:34 +0000
CA Insurance Commissioner Ricardo Lara joins Yahoo Finance Live to discuss California’s push to make insurance companies more accountable in the fight against climate change through their investments.
Here’s Why You Should Consider Investing in Progressive Corp. (PGR)?
Mon, 18 Apr 2022 14:21:48 +0000
Wedgewood Partners, an investment management firm, published its first-quarter 2022 investor letter – a copy of which can be downloaded here. For the first quarter of 2022, the fund’s Composite (net) declined by -10.6%. The S&P 500 Index declined by -4.6%. The Russell 1000 Growth Index declined -by 9.0%, while the Russell 1000 Value Index […]
Progressive Downgraded to Underweight at Piper Sandler
Mon, 18 Apr 2022 10:19:45 +0000
By Sam Boughedda
10 Earnings Reports Grabbing Everyone’s Attention
Fri, 15 Apr 2022 17:17:22 +0000
In this article, we will take a look at the 10 earnings reports grabbing everyone’s attention. You can skip our detailed analysis of these companies and go directly to the 5 Earnings Reports Grabbing Everyone’s Attention. Leading U.S. banks, including Morgan Stanley (NYSE:MS), The Goldman Sachs Group, Inc. (NYSE:GS) and Citigroup Inc. (NYSE:C), recently announced […]
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