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Shares of Progressive Corp Has Risen Above Previous 52-Week High

By David Diaz

Shares of Progressive Corp (NYSE:PGR) traded at a new 52-week high today of $64.00. So far today approximately 751,000 shares have been exchanged, as compared to an average 30-day volume of 3 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.

Based on a current price of $63.81, Progressive Corp is currently 2.1% above its average consensus analyst price target of $62.50. The stock should find initial support at its 50-day moving average (MA) of $61.34 and further support at its 200-day MA of $55.19.

In the past 52 weeks, shares of Progressive Corp have traded between a low of $43.14 and a high of $64.00 and are now at $63.81, which is 48% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.2%.

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 9.4%. 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 corp

Ticker(s): PGR