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Next Support Level for Progressive Corp (PGR) is $44.95

By Amy Schwartz

Shares of Progressive Corp (NYSE:PGR) opened today below their pivot of $45.99 and have already reached the first level of support at $45.31. Investors may be interested in a cross of the next downside pivot targets of $44.95 and $43.91.

Progressive Corp share prices have moved between a 52-week high of $49.01 and the current low of $0.00 and are currently at $0.00 per share. The 200-day and 50-day moving averages have moved 0.15% higher and 0.25% higher over the past week, respectively.

Potential upside of 0.0% exists for Progressive Corp, based on a current level of $0.00 and analysts' average consensus price target of $44.85. The stock should find initial resistance at its 200-day moving average (MA) of $31.73 and further resistance at its 50-day MA of $33.70.

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: pivot alerts progressive corp

Ticker(s): PGR