Progressive (PGR) Offering Possible 19.05% Return Over the Next 27 Calendar Days

Progressive's most recent trend suggests a bearish bias. One trading opportunity on Progressive is a Bear Call Spread using a strike $62.50 short call and a strike $67.50 long call offers a potential 19.05% return on risk over the next 27 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $62.50 by expiration. The full premium credit of $0.80 would be kept by the premium seller. The risk of $4.20 would be incurred if the stock rose above the $67.50 long call 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 down which suggests that the medium-term momentum for Progressive is bearish.

The RSI indicator is at 38.61 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

Interested In The Progressive Corporation (NYSE:PGR)? Here’s What Its Recent Performance Looks Like
Thu, 21 Jun 2018 17:21:21 +0000
Measuring The Progressive Corporation’s (NYSE:PGR) track record of past performance is a useful exercise for investors. It enables us to understand whether or not the company has met or exceedRead More…

See what the IHS Markit Score report has to say about Progressive Corp.
Thu, 21 Jun 2018 12:00:50 +0000
Progressive Corp NYSE:PGR

A.M. Best Affirms Credit Ratings of The Progressive Corporation and Its Subsidiaries
Wed, 20 Jun 2018 16:31:00 +0000
A.M. Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of “aa” of the members of Progressive Agency Pool, Progressive Direct Pool and Progressive Commercial Auto Group .

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Wed, 20 Jun 2018 14:46:02 +0000
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