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Investors Business Daily
Investors Business Daily
Business
INVESTOR'S BUSINESS DAILY and GLENN LARKIN

Progressive Shows Rising Price Performance With Jump To 91 RS Rating

Progressive had its Relative Strength (RS) Rating upgraded from 82 to 91 Friday before the market opened. With earnings released today, the stock gapped up and has held most of the gains so far today.

When you're researching the best stocks to buy and watch, keep a close on eye on relative price strength. This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the last 52 weeks holds up against all the other stocks in our database.

Over 100 years of market history shows that the best stocks often have an RS Rating of over 80 at the beginning of a new run.

Looking For Winning Stocks? Try This Simple Routine

Progressive Stock was building a consolidation with a 149.87 buy point. With the today's earnings report, the stock has cleared the entry. While it is still in the buy zone, it would appear to be far to extended at this stage.

PGR Earnings

Progressive showed positive earnings growth in the latest quarterly report, with a $2.09 EPS. Revenue up 20.9%.

The company earns the No. 9 rank among its peers in the Insurance-Property/Casualty/Title industry group. Arch Capital Group, Chubb and Everest Group are among the top 5 highly rated stocks within the group.

Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks

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