Progressive (PGR) Offering Possible 5.26% Return Over the Next 29 Calendar Days

Progressive's most recent trend suggests a bullish bias. One trading opportunity on Progressive is a Bull Put Spread using a strike $100.00 short put and a strike $95.00 long put offers a potential 5.26% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $100.00 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 $95.00 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 73.62 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

Royal London Asset Management Ltd Buys NVIDIA Corp, MercadoLibre Inc, Progressive Corp, Sells …
Tue, 18 Jan 2022 18:38:33 +0000
United Kingdom, X0, based Investment company Royal London Asset Management Ltd (Current Portfolio) buys NVIDIA Corp, MercadoLibre Inc, Progressive Corp, Autodesk Inc, The Timken Co, sells Salesforce.com Inc, Micron Technology Inc, Exxon Mobil Corp, Snowflake Inc, Globant SA during the 3-months ended 2021Q4, according to the most recent filings of the investment company, Royal London Asset Management Ltd.

Insurers Warn of Increase in Catalytic Converter Theft
Fri, 14 Jan 2022 19:44:43 +0000
Auto insurance industry and consumers struggle with continuing rise in catalytic converter stolen for their precious metals; hybrids, SUVs targeted

Progressive Insurance strikes sponsorship deal with Detroit esports organization
Thu, 13 Jan 2022 19:02:00 +0000
Under Immortals' first league championship series naming rights sponsorship, the organization's League of Legends teams will compete as “Immortals Progressive.”

Immortals and Progressive Insurance℠ Announce Multi-Year League of Legends Naming Rights Deal
Thu, 13 Jan 2022 14:00:00 +0000
Immortals, a Great Lakes-based gaming and esports organization, and Progressive Insurance, the third largest auto insurer in the country, have officially announced an exclusive, multi-year entitlement agreement. Immortals' League of Legends (“LCS”) teams will now compete as “Immortals Progressive.” This is the esports organization's first ever LCS naming rights sponsorship; Progressive will also serve as the official insurance sponsor of Immortals.

Top 10 Stock Picks of Thomas Bancroft’s Makaira Partners
Wed, 12 Jan 2022 21:28:11 +0000
In this article, we discuss the top 10 stock picks of Thomas Bancroft’s Makaira Partners. You can skip our detailed analysis of Bancroft’s history, investment philosophy, and hedge fund performance, and go directly to the Top 5 Stock Picks of Thomas Bancroft’s Makaira Partners. Thomas Bancroft serves as the Managing Partner and Senior Portfolio Manager […]

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