When (PGR) Moves Investors should Listen
July 29, 2024, 05:18 am ET, BY John- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for PGR
- Buy PGR slightly over 212.44 target 224.24 stop loss @ 211.83 Details
The technical summary data tells us to buy PGR near 212.44 with an upside target of 224.24. This data also tells us to set a stop loss @ 211.83 to protect against excessive loss in case the stock begins to move against the trade. 212.44 is the first level of support below 215.68 , and by rule, any test of support is a buy signal. In this case, support 212.44 would be being tested, so a buy signal would exist.
- Short PGR slightly under 224.24, target 212.44, stop loss @ 224.89 Details
The technical summary data is suggesting a short of PGR as it gets near 224.24 with a downside target of 212.44. We should have a stop loss in place at 224.89though. 224.24 is the first level of resistance above 215.68, and by rule, any test of resistance is a short signal. In this case, if resistance 224.24 is being tested, so a short signal would exist.
Swing Trading Plans for PGR
- Buy PGR slightly over 222.45, target 224.24, Stop Loss @ 221.81 Details
If 222.45 begins to break higher, the technical summary data tells us to buy PGR just slightly over 222.45, with an upside target of 224.24. The data also tells us to set a stop loss @ 221.81 in case the stock turns against the trade. 222.45 is the first level of resistance above 215.68, and by rule, any break above resistance is a buy signal. In this case, 222.45, 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 222.45, target 213.25, Stop Loss @ 223.09. Details
The technical summary data is suggesting a short of PGR if it tests 222.45 with a downside target of 213.25. We should have a stop loss in place at 223.09 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, 222.45, 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 222.45, target 224.24, Stop Loss @ 221.93 Details
If 222.45 begins to break higher, the technical summary data tells us to buy PGR just slightly over 222.45, with an upside target of 224.24. The data also tells us to set a stop loss @ 221.93 in case the stock turns against the trade. 222.45 is the first level of resistance above 215.68, and by rule, any break above resistance is a buy signal. In this case, 222.45, 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 222.45, target 215.37, Stop Loss @ 222.97. Details
The technical summary data is suggesting a short of PGR if it tests 222.45 with a downside target of 215.37. We should have a stop loss in place at 222.97 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, 222.45, 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 July 29:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Strong |
| P1 |
0 |
0 |
212.44 |
| P2 |
213.26 |
213.25 |
224.24 |
| P3 |
215.37 |
222.45 |
236.15 |
AI Generated Signals for PGR
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Progressive Corporation (the) (NYSE: PGR) report below is a real world example. Included are trading plans for PGR, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for PGR:
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