Is PROG Holdings Headed for a Breakdown?

Stock Markets44 minutes ago (Sep 24, 2021 10:30AM ET)

(C) Reuters. Is PROG Holdings Headed for a Breakdown?

A level of support has formed in the chart of PROG Holdings Inc. (PRG). The stock has tested that level several times over the past couple of months and is heading back down to it. If it falls through the support level, a breakdown is expected. Read more to learn how to take advantage of this trade.PROG Holdings Inc. (PRG) is a provider of lease-purchase solutions through more than 30,000 retail partner locations in 46 states and the District of Columbia, including e-commerce merchants. The firm operates in two segments Progressive (NYSE:PGR) Leasing and Vive Financial.

The company had a fairly strong second quarter where gross merchandise value for their Progressive Leasing segment grew 25.2% year over year, driven by the continued scaling of large national accounts and increased penetration in e-commerce.

PRG also recently acquired Four Technologies, a Miami-based buy now pay later company that allows consumers to pay for merchandise through 4 interest-free installments.

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Is PROG Holdings Headed for a Breakdown?

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