Progressive Corporation (PGR) Stock Analysis
Progressive Corporation (PGR) is currently priced at $273.56, experiencing a gain of $7.37, which represents a 2.77% increase.
IBD Stock Analysis indicates a cup-shaped base pattern. The optimal buy point is established at 270.62. The buy range extends up to 284.15. Composite Rating: 92/99. Industry Group Ranking: 65/197.
Emerging Pattern: Cup
The analysis highlights a cup-shaped pattern, lacking a handle. This pattern should span at least six weeks, potentially extending up to a year for formation. The recommended buy point is defined as being ten cents above the left-side high of the cup.
