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ProAssurance Corporation

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PRA trade ideas

$PRA can fall in the next daysContextual immersion trading strategy idea. ProAssurance Corporation, through its subsidiaries, provides property and casualty insurance, and reinsurance products in the United States. The share price fell after bad earnings. Looks like it will continue falling. The demand for shares of the company still looks lower than the supply. This and other conditions can cause a fall in the share price in the next days. So I opened a short position from $15,91; stop-loss — $18,00. Information about take-profits will be later. Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision. Always do your own analysis before making deals. When you use any materials, do not rely on blind trust. You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy. If you like my content, you can subscribe to the news and receive my fresh ideas. Thanks for being with me!
NYSE:PRAShort
by KozakHlib
2
PRO-ASSURANCE with large gap openingPRA has had a big gap down that opens for a mean reversion towards my standard target for these setups at 5 MA at daily. If you would like a secondary target that normally gets you in security a bit earlier you can scale out with some of your posistion at Connors RSI reading with close above 70 on the daily. Stop and target is dynamic at 5 MA as use of stop lessens the edge of these setups. PS: SAME SETUP SIGNAL IS GIVEN IN FOLLOWING TICKERS AT NYSE FROM YESTERDAYS CLOSE (OR MARKET): PMT, NRZ, TWO. CHMI, ANH Look for an textbook setup I had some days ago with Winnebago with nice P/L (see link)
NYSE:PRALong
by MajorHunter