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Progressive Corp Trading Lower on Heavy Volume, Inline With Overall Trend (PGR)

By David Diaz

The price of Progressive Corp shares has slipped to $72.25 (a 6.1% change) on heavy trading volume. Approximately 2.6 million shares have changed hands today vs. average 30-day volume of 2.4 million shares. Spikes in volume can validate a breakout or signify a potential turning point.

SmarTrend is tracking the current trend status for Progressive Corp and will alert subscribers who have PGR in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, shares of Progressive Corp have traded between a low of $56.71 and a high of $84.96 and are now at $73.22, which is 29% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has declined 0.3%.

Keywords: unusual volume progressive corp

Ticker(s): PGR