pool adsProgressive $PGR Technical Update
The Progressive (NYSE: PGR) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for PGR, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Strong | Strong | Neutral |
| P1 | 68.03 | 65.46 | 60.53 |
| P2 | 68.95 | 68.74 | 65.56 |
| P3 | 69.52 | 71.93 | 70.43 |
Support and Resistance Plot Chart for PGR
Long Term Trading Plans for PGR
September 19, 2018, 6:30 am ET
The Technical Summary and Trading Plans for PGR help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this PGR Report.
PGR - (Long) Support Plan
Buy over 65.56 target 70.43 stop loss @ 65.3.
The technical summary data tells us to buy PGR near 65.56 with an upside target of 70.43. This data also tells us to set a stop loss @ 65.3 to protect against excessive loss in case the stock begins to move against the trade. 65.56 is the first level of support below 69.68 , and by rule, any test of support is a buy signal. In this case, support 65.56 is being tested, a buy signal would exist.
PGR - (Short) Resistance Plan
Short under 70.43 target 65.56 stop loss @ 70.69
The technical summary data is suggesting a short of PGR as it gets near 70.43 with a downside target of 65.56. We should have a stop loss in place at 70.69 though. 70.43 is the first level of resistance above 69.68, and by rule, any test of resistance is a short signal. In this case, if resistance 70.43 is being tested, a short signal would exist.
