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Is PROG Holdings Headed for a Breakdown?

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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 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........

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