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Bearish Moving Average Cross by Progressive Corp (PGR)

By James Quinn

Today, shares of Progressive Corp (NYSE:PGR) have fallen below their 10-day MA of $76.10 on a volume of 2.6 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Progressive Corp share prices have been bracketed by a low of $56.71 and a high of $84.96 and are now at $73.22, 29% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has declined 0.3%.

SmarTrend is tracking the current trend status for Progressive Corp and will alert subscribers who have PGR in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses progressive corp

Ticker(s): PGR