Progressive (PGR)... Time for some Insurance to kick in ??
Progressive (PGR), the third-biggest auto insurer in the US.
Progressive has been growing its premiums at mid-teens with combined ratios below 91% over the last several years. (from Seeking Alpha)
Harmonically we are at an interesting juncture where there appears to be a confluence of two Bullish Harmonic Patterns.
We are also at a .618 of the recent range from Feb. 2021
Specifically an Entry point, targets and a recommended stop are marked.
The risk reward on this isn't great. I'd like to see it get a head of upward steam.
You have to like the overall market in general and FLO's advertising influence in particular.
As always do your own due diligence.
S.
Progressive has been growing its premiums at mid-teens with combined ratios below 91% over the last several years. (from Seeking Alpha)
Harmonically we are at an interesting juncture where there appears to be a confluence of two Bullish Harmonic Patterns.
We are also at a .618 of the recent range from Feb. 2021
Specifically an Entry point, targets and a recommended stop are marked.
The risk reward on this isn't great. I'd like to see it get a head of upward steam.
You have to like the overall market in general and FLO's advertising influence in particular.
As always do your own due diligence.
S.
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Update Target 1 hit
