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Progressive: 52-Week High Recently Eclipsed (PGR)

By David Diaz

Progressive (NYSE:PGR) traded today at a new 52-week high of $40.94. So far today approximately 256,000 shares have been exchanged, as compared to an average 30-day volume of 3.1 million shares.

The Progressive Corporation is an insurance holding company. The Company, through its subsidiaries, provide personal and commercial automobile insurance and other specialty property-casualty insurance and related services throughout the United States.

Progressive share prices have moved between a 52-week high of $40.94 and a 52-week low of $26.67 and are now trading 53% above that low price at $40.86 per share. The 200-day and 50-day moving averages have moved 0.15% higher and 0.25% higher over the past week, respectively.

Based on a current price of $40.86, Progressive is currently 7.7% above its average consensus analyst price target of $37.71. Progressive shares have support at the 50-day moving average (MA) of $33.70 and additional support at the 200-day MA of $31.73.

SmarTrend recommended that subscribers consider buying shares of Progressive on October 14th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $32.82. Since that recommendation, shares of Progressive have risen 24.1%. We continue to monitor PGR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows Progressive

Ticker(s): PGR