PGR is currently showing a strong bullish trend. Today it jumped up hard and the volume confirms that this isn't about to stop.
NYSE:PGR Buy above yesterday's high. see the chart. Please like, comment and follow if you like my ideas. THANK YOU!!! Please note that this information is not a recommendation to buy or sell. It is to be used for educational purposes only.
PGR may now sit on a double bottom and at a good support. It offers a good risk reward ratio if everything goes according to the plan setup.
Technical: (1) Past Resistance = Future Support (2) Strong Trendline Direction (3) Stochastics Oversold (4) RSI @ Extremes (5) MACD Extreme Fundamental: solid company
PGR I made a mistake 2 weeks ago when I bought this stock thinking it was a breaking out from a flag. Fortunately, I only had a tiny position size and only took a small lose. The chart however is still looking great with a predictable pattern of 1. breaking the the 50ma 2. pulling back to the fib zones 3. and bouncing of the the long term lower trend line....
Flag Channel S&R: yes, rising up trend. MA S&R: above both 20 and 50, breaking out 52w high >200ma: yes Volume confirmation: yes Candle Confirmation: no Stoch Divergence: no, embed Reg Trendline > 85: n/a Short Float: 2% Risk / Reward: 3:1 Zacks Rank: 2-Buy 2 Style Scores: B Value | A Growth | A Momentum | A VGM Industry Rank: Bottom 32%(174 out of 255)...
Small play July 20th-62.50 @0.15x0.25 good risk reward play.
I am bullish (short term) and can see this pop to 62.40-62.50 area. Will play earning run.
monitoring for continuation. Flow smiling somewhere
PGR is giving a long signal today. For me that would make Friday and entry day based on a modicum of pullback for a proper long entry. Additionally, observe the break of the upper trendline. Keep an eye on it friends.
there are 2 dimensions supporting long position on the stock 1. from fundmental point of view the company have high piotrosli f-score of 8.39 (9 is max) and and 2+% dividend which is sort of safety cusion 2. from technical point of view the company broke up a triangle with a big than usual volume and a high green candle + the short term EMAs crossed...