Progressive’s most recent trend suggests a bullish bias. One trading opportunity on Progressive is a Bull Put Spread using a strike $65.00 short put and a strike $60.00 long put offers a potential 5.26% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $65.00 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 $60.00 long put strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Progressive is bearish and the probability of a decline 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 68.24 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
Progressive Reports August 2018 Results
Thu, 13 Sep 2018 12:26:01 +0000
MAYFIELD VILLAGE, OHIO – September 13, 2018 — The Progressive Corporation (NYSE:PGR) today reported the following results for August 2018: (millions, except per share amounts and ratios; …
Does The Progressive Corporation’s (NYSE:PGR) PE Ratio Warrant A Sell?
Thu, 13 Sep 2018 11:41:06 +0000
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Tue, 11 Sep 2018 21:13:25 +0000
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Tue, 11 Sep 2018 15:20:42 +0000
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