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Bearish Moving Average Cross by Old Repub Intl (ORI)

By James Quinn

Today, shares of Old Repub Intl (NYSE:ORI) have fallen below their 10-day MA of $23.07 on a volume of 415K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Old Repub Intl have traded between a low of $19.55 and a high of $23.39 and are now at $22.79, which is 17% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.

SmarTrend recommended that subscribers consider buying shares of Old Repub Intl on April 29th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $22.36. Since that recommendation, shares of Old Repub Intl have risen 4.4%. We continue to monitor ORI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses old repub intl

Ticker(s): ORI