Asbury Research uses two proprietary models in its stocks and ETF selection process: Asbury Momentum and Asbury Value. Asbury Momentum buys strength in strongly trending stocks, and Asbury Value buys weakness within positive price trends. Progressive Corp (PDR) was an Asbury Value pick.
We have exited our July 19th long idea (per our Asbury Value Model) in Progressive Corp (PGR) at 66.64. today per this morning’s update in our Stock and ETF Ideas table (access requires subscription), capturing an 11.2% gain in 27 business days.
PGR also outperformed the S&P 500 (SPX) by 10.2% during the same period.
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