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Bullish Moving Average Cross by Progressive Corp (PGR)

By Shiri Gupta

Today, shares of Progressive Corp (NYSE:PGR) have advanced above their 10-day MA of $72.68 on a volume of 1.2 million shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Progressive Corp have traded between a low of $56.71 and a high of $76.29 and are now at $76.29, which is 35% above that low price. The 200-day and 50-day moving averages have moved 0.29% higher and 0.47% higher over the past week, respectively.

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