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THE PROGRESSDRNTHE PROGRESSDRNTHE PROGRESSDRN

THE PROGRESSDRN

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P1GR34 trade ideas

PGRSystem T Performances: Annual Compound Profit 40%, Win Rate 55%, Risk/Reward Ratio 1:2, 20 Years of Backtesting Data, Over 100 Markets. * Click Like and Follow to Support My Work! --- Hi Traders, I'd like to introduce the System T, a computerized trading system that analyzed and backtested the 20 years history data of over 100 markets. This post is my sharing of how I think about systematic trading and the signals generated by the System T. (This is my opinion only, NOT the financial advice.) I think that for the system to open a trade and manage risk, it only needs a buy signal & a stop-loss signal clearly on the chart. Once the system finds a good trend, it will ride it as long as possible. The stop-loss will be adjusted accordingly to the new price movement. (Remember to follow this trade idea and follow my profile to get updates about the stop-loss adjustment and sell signal based on the latest price and market conditions daily.) System T performances above will give you an idea of how it performs in the last 20 years. Notice that this result was achieved only if I strictly followed the rule: "Only and Always Buy & Sell based on the System Signals". Don't sell when there is no sell signal as we all want to follow the good trends til the end like everything in life does. \(^-^)/ Also, my system is extremely diversified through over 100 markets so that it only risks less than -1% of the total capital per trade. Thank you and good luck! --- DISCLAIMER: I am NOT a financial advisor, and nothing I say is meant to be a recommendation to buy or sell any financial instrument. My views are general in nature and I am not giving financial advice. You should not take my opinion as financial advice. This is my opinion only. Do your own due diligence, and take 100% responsibility for your financial decisions. Trading and investing are risky! Don't invest money you can't afford to lose, because many traders and investors lose money. There are no guarantees or certainties in trading. - Content is for education purposes only, not investment advice. - Trading involves a high degree of risk. - We’re not investment or trading advisers. - Nothing we say is a recommendation to buy or sell anything. - There are no guarantees or certainties in trading. - Many traders lose money. Don’t trade with money you can’t afford to lose.
NYSE:PGRLong
by System_T
Buy rating for Progressive CorpEntry level $73.60 = Target price $78.00 = Stop loss $71.80 Upgraded from hold to buy with a $84 price target. Indicators in a very bullish trajectory. P/E ratio 13 Company profile. Progressive Corp. is an insurance holding company, which engages in the provision of personal and commercial auto insurance, residential property insurance, and other specialty property-casualty insurance and related services. It operates through the following segments: Personal Lines, Commercial Lines, Property, and Other Indemnity. The Personal Lines segment includes agency and direct businesses. The Commercial Lines segment writes primary liability and physical damage insurance for automobiles and trucks owned and operated predominately by small business in the auto, for-hire transportation, contractor, for-hire specialty, tow, and for-hire livery markets. The Property segment covers residential property insurance for homeowners, other property owners, and renters. The Other Indemnity segment manages run-off businesses. The company was founded in 1965 and is headquartered in Mayfield Village, OH.
NYSE:PGRLong
by Bullishcharts
1
PGR - watchlist - channel setupPGR 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. Horizontal S&R: looking for pullback Channel S&R: yes, rising up trend. MA S&R: above both 20 and 50 >200ma: yes Volume confirmation: ww Candle Confirmation: ww Stoch Divergence: no Reg Trendline > n/a Shrs Float: 578M Short Float: 2% Risk / Reward: 3:1 Zacks Rank: 2-Buy 2 Style Scores: C Value | B Growth | B Momentum | B VGM Industry Rank: Bottom 43%(146 out of 255) Industry: Insurance - Property and Casualty Latest analyst commentary: Progressive analyst commentary at MKM Partners Progressive price target raised to $85 from $80 at MKM Partners. MKM Partners analyst Harry Fong raised his price target on Progressive to $85 and kept his Buy rating, citing the 55% increase in its advertising spending disclosed in the company's latest 10-Q filing. The analyst states that this is the biggest increase in advertising since the late 1990's, and contends that the higher rate of spending reflects the management's expectations of Progressive's stronger revenue growth to continue. Fong further notes that competing through higher advertising is preferable for auto insurers over cutting rates since it is "much easier to stop spending the marginal advertising dollar when results are not as expected". Read more at: thefly.com
NYSE:PGR
by SR618