A clean Rounding Bottom often precedes a big move. Validate your entry.
Gradual reversal from bearish to bullish.
Traders are watching Progressive Corporation (PGR) as price action tightens. The stock is trading at $213.83, up 3.26% on the day. Price action has carved out a classic Rounding Bottom. The trend indicator is reading 27.1/100, suggesting moderate momentum. A potential breakout level is identified at $239.38, targeting $289.64 with support near $214.25 (R:R 2.0).
What is your outlook on PGR?