The Progressive Corporation is an insurance holding company, which has insurance and non-insurance subsidiaries and affiliates. Co.'s segments include Personal Lines, Commercial Lines, Property and Other indemnity. The Personal Lines segment writes insurance for personal autos and recreational vehicles. The segment consists of personal auto and special lines products. Commercial Lines segment writes auto-related liability and physical damage insurance, business-related general liability and property insurance predominately for small businesses, and workers' compensation insurance primarily for the transportation industry.
When researching a stock like Progressive, many investors are the most familiar with Fundamental Analysis — looking at a company's balance sheet, earnings, revenues, and what's happening in that company's underlying business. Investors who use Fundamental Analysis to identify good stocks to buy or sell can also benefit from PGR Technical Analysis to help find a good entry or exit point. Technical Analysis is blind to the fundamentals and looks only at the trading data for PGR stock — the real life supply and demand for the stock over time — and examines that data in different ways. One of those ways is to calculate a Simpe Moving Average ("SMA") by looking back a certain number of days. One of the most popular "longer look-backs" is the PGR 200 day moving average ("PGR 200 DMA"), while one of the most popular "shorter look-backs" is the PGR 50 day moving average ("PGR 50 DMA"). A chart showing both of these popular moving averages is shown on this page for Progressive. Comparing two moving averages against each other can be a useful visualization tool: by calculating the difference between the PGR 200 DMA and the PGR 50 DMA, we get a moving average convergence divergence indicator ("PGR MACD"). The PGR MACD chart, in conjunction with the chart of the moving averages, basically helps in visualizing how the moving averages are showing convergence (moving closer together), or divergence (moving farther apart). |
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Video: Technical Analysis