Dec. 25 at 1:27 PM
Actionable Trade Alert for
$PGR:
Market Context:
$PGR is currently trading at
$227.66, with an RSI of 50.7 indicating a neutral stance. The stock is above its 30-day moving average (MA30) of 226.82 and significantly above the 50-day moving average (MA50) of 222.35, suggesting a bullish bias in the short term.
Directional Bias: The recent price action shows
$PGR is positioned between its 60-day high of 248.17 and low of 199.9. The proximity to the high offers potential for upward movement, especially with the RSI indicating no overbought conditions.
Trade Plan:
- Suggested Entry:
$228.00
- Stop Loss:
$220.00 (3.5% below entry)
- Take Profit Targets:
1. Target 1:
$235.00 (3.1% gain)
2. Target 2:
$240.00 (5.3% gain)
3. Target 3:
$266.00 (16.7% gain)
This plan provides a solid risk-reward ratio, aiming for over 17% ROI on the third target.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
