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Shares of Old Repub Intl Fall to a New 52-Week Low

By Nick Russo

Old Repub Intl (NYSE:ORI) traded at a new 52-week low today of $16.02. This new low was reached on below average trading volume as 196,000 shares traded hands, while the average 30-day volume is approximately 1.7 million shares.

Potential upside of 47.2% exists for Old Repub Intl, based on a current level of $16.30 and analysts' average consensus price target of $24.00. The stock should run into initial resistance at its 50-day moving average (MA) of $22.21 and subsequent resistance at its 200-day MA of $22.60.

Old Repub Intl share prices have moved between a 52-week high of $23.98 and the current low of $16.02 and are currently at $16.30 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 1%.

Old Republic International Corporation is an insurance holding company whose subsidiaries market, underwrite, and provide risk management services. The Company provides services for a variety of coverages in the property and liability, mortgage guaranty, title, and life and health insurance fields.

SmarTrend is tracking the current trend status for Old Repub Intl and will alert subscribers who have ORI in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows old repub intl

Ticker(s): ORI