Progressive Moves Above 50 and 200-Day SMAs: How to Play the Stock

Shares of The Progressive Corporation (PGR) continue to trend up, driven by its robust market presence, diverse range of products and services, and strong underwriting and operational capabilities. PGR is now trending above its 50 and 200-simple moving average (SMA), indicating the possibility of an uptrend ahead. Shares closed at $278.75 yesterday, a 4.9$73.53, indicating room for growth. The 50 and 200-day SMAs are key indicators for traders and analysts to identify sup ...