PROGRESSIVE CORP
(PGR-NYSE):
Technical Viewpoint: From a low
of $68.58 on Sep 30, 2003 prices
rallied, reaching a
high of $75.73
on Oct 16, 2003. A
decline saw prices pull back, reaching a
low of
$70.39 on Oct 23, 2003.
Another rally saw prices penetrate
resistance, closing 11/14/03
at $79.50. Technicals: Momentum Index (MTM): A Buy Alert!
was given on Nov 4, 2003 when the solid line crossed the dotted line to the upside.
Support: Remains at $75.25. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Nov 14, 2003. A P&F upside
reversal takes place at $78.00. Summary: Technical indicators have turned bullish. BUY! PROGRESSIVE CORP
(PGR-NYSE) @ $79.75 Stop: Use a protective stop of $77.13.
PROGRESSIVE CORP is currently trading @ $79.50 plus $3.22 on Nov 14, 2003. Price Objective:
$89.00. Risk/Reward: $2.62 VS. $9.25. Today's Risk Reward Ratio: 3:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$89.00
Risk/Reward:
$2.62 VS. $9.25
Risk/Reward Ratio:
3:1
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