Progressive (PGR) Offering Possible 11.11% Return Over the Next 22 Calendar Days

Progressive's most recent trend suggests a bullish bias. One trading opportunity on Progressive is a Bull Put Spread using a strike $77.50 short put and a strike $72.50 long put offers a potential 11.11% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $77.50 by expiration. The full premium credit of $0.50 would be kept by the premium seller. The risk of $4.50 would be incurred if the stock dropped below the $72.50 long put 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 up which suggests that the medium-term momentum for Progressive is bullish.

The RSI indicator is at 75.73 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

See what the IHS Markit Score report has to say about Progressive Corp.
Tue, 28 May 2019 12:00:27 +0000
Progressive Corp NYSE:PGRView full report here! Summary * Perception of the company's creditworthiness is negative * ETFs holding this stock are seeing positive inflows but are weakening * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is extremely low for PGR with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting PGR. Money flowETF/Index ownership | NegativeETF activity is negative and may be weakening. The net inflows of $2.21 billion over the last one-month into ETFs that hold PGR are among the lowest of the last year and appear to be slowing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is strong relative to the trend shown over the past year, but is easing. Credit worthinessCredit default swap | NegativeThe current level displays a negative indicator. PGR credit default swap spreads are near their highest levels of the last 3 years, which indicates the market's more negative perception of the company's credit worthiness.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

Looking Back at Sequoia and Progressive
Fri, 24 May 2019 16:01:11 +0000
At the Berkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.B) 2019 annual meeting earlier this month, Warren Buffett (Trades, Portfolio) discussed the profits of the auto insurance industry. Warning! GuruFocus has detected 3 Warning Sign with PGR. Berkshire owns Geico, which is currently one of the largest auto insurers in the country behind State Farm.

Progressive (PGR) Gains As Market Dips: What You Should Know
Wed, 22 May 2019 21:50:09 +0000
Progressive (PGR) closed at $80.45 in the latest trading session, marking a +0.47% move from the prior day.

Here's Why Momentum Investors Will Love Progressive (PGR)
Wed, 22 May 2019 14:00:02 +0000
Does Progressive (PGR) have what it takes to be a top stock pick for momentum investors? Let's find out.

Is The Progressive (PGR) Outperforming Other Finance Stocks This Year?
Wed, 22 May 2019 13:30:01 +0000
Is (PGR) Outperforming Other Finance Stocks This Year?

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