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Progressive Corp Bearish Moving Average Crossover Alert (PGR)

By Amy Schwartz

Progressive Corp (NYSE:PGR) crossed under its 10-day moving average of $61.42 on a volume of 640K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Progressive Corp have traded between a low of $30.54 and a high of $62.99 and are now at $60.67, which is 99% above that low price. The 200-day and 50-day moving averages have moved 0.15% higher and 0.25% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Progressive Corp on February 15th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $56.62. Since that recommendation, shares of Progressive Corp have risen 8.8%. We continue to monitor PGR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses progressive corp

Ticker(s): PGR