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Is PRGS poised for gains? Crossed Above 20 Day Moving Average shows up after rocketing 11.2%

Progress Software Corporation (PRGS) — Nightly Technical Analysis · Jun 26, 2026, 19:56 ET
PRGS finished higher by 11.2% on Friday, June 26th, trading 3.2 times its typical volume. The unusually high volume suggests institutional participation in today's move. Multiple bullish signals emerged — Crossed Above 20 DMA, Wide Range Bar, MACD Bullish Centerline Cross, Directional Movement Crossover Bullish, Expansion Pivot Buy Setup & Pocket Pivot — suggesting potential strength ahead. Key support levels exist at 30.92, 28.7 & 27.37, with resistance at 34.47, 35.8 & 38.02.

Current SwingTradeBot Technical Rating of PRGS: D

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Progress Software Corporation (PRGS)