When (PGR) Moves Investors should Listen

August 21, 2024, 18:30 pm ET, BY John- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for PGR

• Buy PGR slightly over 229.91 target 242.59 stop loss @ 229.25 Details

The technical summary data tells us to buy PGR near 229.91 with an upside target of 242.59. This data also tells us to set a stop loss @ 229.25 to protect against excessive loss in case the stock begins to move against the trade. 229.91 is the first level of support below 237.32 , and by rule, any test of support is a buy signal. In this case, support 229.91 is being tested, a buy signal would exist.

• Short PGR slightly under 242.59, target 229.91, stop loss @ 243.29 Details

The technical summary data is suggesting a short of PGR as it gets near 242.59 with a downside target of 229.91. We should have a stop loss in place at 243.29though. 242.59 is the first level of resistance above 237.32, and by rule, any test of resistance is a short signal. In this case, if resistance 242.59 is being tested, a short signal would exist.

Swing Trading Plans for PGR

• Buy PGR slightly over 238.73, target 242.59, Stop Loss @ 238.04 Details

If 238.73 begins to break higher, the technical summary data tells us to buy PGR just slightly over 238.73, with an upside target of 242.59. The data also tells us to set a stop loss @ 238.04 in case the stock turns against the trade. 238.73 is the first level of resistance above 237.32, and by rule, any break above resistance is a buy signal. In this case, 238.73, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short PGR slightly near 238.73, target 229.91, Stop Loss @ 239.42. Details

The technical summary data is suggesting a short of PGR if it tests 238.73 with a downside target of 229.91. We should have a stop loss in place at 239.42 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 238.73, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for PGR

• Buy PGR slightly over 238.87, target 242.59, Stop Loss @ 238.31 Details

If 238.87 begins to break higher, the technical summary data tells us to buy PGR just slightly over 238.87, with an upside target of 242.59. The data also tells us to set a stop loss @ 238.31 in case the stock turns against the trade. 238.87 is the first level of resistance above 237.32, and by rule, any break above resistance is a buy signal. In this case, 238.87, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short PGR slightly near 238.87, target 236.95, Stop Loss @ 239.43. Details

The technical summary data is suggesting a short of PGR if it tests 238.87 with a downside target of 236.95. We should have a stop loss in place at 239.43 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 238.87, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for  Progressive Corporation (the) (PGR) available here: PGR.

PGR Ratings for August 21:

Term →	Near	Mid	Long
Rating	Strong	Strong	Strong
P1	0	0	217.19
P2	236.95	238.73	229.91
P3	238.87	245.41	242.59

AI Generated Signals for PGR

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