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Progressive Corp: The Winning Streak Continues (PGR)

By David Diaz

Progressive Corp (NYSE:PGR) traded today at a new 52-week high of $65.52. Approximately 373,000 shares have changed hands today, as compared to an average 30-day volume of 3.5 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.

In the past 52 weeks, shares of Progressive Corp have traded between a low of $43.59 and a high of $65.52 and are now at $65.41, which is 50% above that low price. The 200-day and 50-day moving averages have moved 0.50% higher and 0.08% higher over the past week, respectively.

Based on a current price of $65.41, Progressive Corp is currently 4.4% above its average consensus analyst price target of $62.50. The stock should find initial support at its 50-day moving average (MA) of $60.73 and further support at its 200-day MA of $58.14.

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: 52 week high/lows progressive corp

Ticker(s): PGR