The Relative Strength (RS) Rating for Progressive moved into a new percentile Tuesday, as it got a lift from 68 to 73.
When To Sell Stocks To Lock In Profits And Minimize Losses
This proprietary rating identifies technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the trailing 52 weeks compares to other publicly traded companies.
History shows that the stocks that go on to make the biggest gains often have an 80 or higher RS Rating in the early stages of their moves. See if Progressive can continue to rebound and hit that benchmark.
Progressive is working on a consolidation with a 292.99 entry. See if the stock can break out in heavy volume.
The company reported 11% earnings growth in the latest quarterly report, while sales growth came in at 18%. The company is expected to report its latest earnings and sales numbers on or around Jul. 10.
The company earns the No. 12 rank among its peers in the Insurance-Property/Casualty/Title industry group. Skyward Specialty Ins, Goosehead Insurance Cl A and AXIS Capital Holdings are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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