One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Progressive (PGR) now clears that threshold, with a jump from 77 to 82 Monday.
↑ XThis exclusive rating from Investor's Business Daily tracks share price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the top-performing stocks typically have an RS Rating of over 80 as they launch their biggest price moves.
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Progressive is not currently near a potential buy zone. See if the stock goes on to form a sound pattern that could kick off a new climb.
Earnings growth fell last quarter from 335% to 110%, but the top line rose from 18% to 25%.
Progressive holds the No. 12 rank among its peers in the Insurance-Property/Casualty/Title industry group. Mercury General (MCY), Kinsale Capital Group (KNSL) and AXIS Capital Holdings (AXS) are among the top 5 highly rated stocks within the group.
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