PROGRESSIVE CORP
(PGR-NYSE):
Technical Viewpoint: From a low
of $50.39 on Mar 12, 2003 prices
rallied, reaching a
high of $60.41
on Mar 21, 2003. A
decline saw prices pull back, reaching a
low of
$58.08 on Mar 27, 2003.
Another rally saw prices penetrate
resistance, closing 4/1/03
at $61.76. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Feb 24, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $59.75. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Mar 20, 2003. A P&F upside
reversal takes place at $59.25. Summary: Technical indicators have turned bullish. BUY! PROGRESSIVE CORP
(PGR-NYSE) @ $61.88 Stop: Use a protective stop of $59.38.
PROGRESSIVE CORP is currently trading @ $61.76 plus $2.30 on Apr 1, 2003. Price Objective:
$71.25. Risk/Reward: $2.50 VS. $9.37. Today's Risk Reward Ratio: 4;1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$71.25
Risk/Reward:
$2.50 VS. $9.37
Risk/Reward Ratio:
4;1
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