The Progressive Corp (PGR) got a favorable review Tuesday from a sell side firm with a $136 price target. We are all familiar with their memorable insurance TV commercials but do we know what the charts look like? Let's check.
In this daily bar chart of PGR, below, we can see that prices are in an uptrend from October - these days not too many stocks are in that category. PGR is trading above the rising 50-day moving average line and above the rising 200-day line.