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Orion Group Hold Looks to Continue to Trade Below its Annual-Low Share Price Today

By James Quinn

Shares of Orion Group Hold (NYSE:ORN) traded at a new 52-week low today of $2.10. So far today approximately 456,000 shares have been exchanged, as compared to an average 30-day volume of 216,000 shares.

Orion Group Holdings, Inc. offers marine construction services. The Company provides a wide range of marine construction services on, over, and under the water that include marine transportation facility construction, dredging, repair and maintenance, bridge building, marine pipeline construction, and other specialty services.

In the past 52 weeks, shares of Orion Group Hold have traded between the current low of $2.10 and a high of $9.83 and are now at $2.10. In the last five trading sessions, the 50-day moving average (MA) has fallen 3.3% while the 200-day MA has slid 2%.

Orion Group Hold (NYSE:ORN) has potential upside of 338.1% based on a current price of $2.10 and analysts' consensus price target of $9.20. The stock should run into initial resistance at its 50-day moving average (MA) of $2.93 and subsequent resistance at its 200-day MA of $5.07.

SmarTrend is tracking the current trend status for Orion Group Hold and will alert subscribers who have ORN in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows orion group hold

Ticker(s): ORN