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Progressive Corp Crosses Below its 10-day MA (PGR)

By David Diaz

Today, shares of Progressive Corp (NYSE:PGR) have fallen below their 10-day MA of $79.16 on a volume of 855K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Progressive Corp has traded in a range of $56.71 to $84.96 and is now at $77.41, 37% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has remained constant.

SmarTrend is monitoring the recent change of momentum in Progressive Corp. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Progressive Corp in search of a potential trend change.

Keywords: moving crosses progressive corp

Ticker(s): PGR