Long Position on ORI @ $19.00 on 12/29/2015 (Momentum)

Old Republic International Corporation (ORI) engages in the insurance underwriting and related services business primarily in the United States and Canada.

The company’s General Insurance Group segment offers automobile extended warranty, aviation, commercial automobile, commercial multi-peril, general liability, home warranty, inland marine, travel accident, and workers' compensation insurance products; and financial indemnity products for specialty coverages, including errors and omissions, directors and officers, fidelity, guaranteed asset protection, and surety. This segment offers its insurance products for businesses, government, and other institutions in transportation, commercial construction, healthcare, education, retail and wholesale, forest products, energy, general manufacturing, and financial services industries.

The company’s Title Insurance Group segment provides lenders' and owners' title insurance policies to real estate purchasers and investors based upon searches of the public records. This segment also offers escrow closing and construction disbursement services; and real estate information products, national default management services, and services pertaining to real estate transfers and loan transactions.

The Republic Financial Indemnity Group provides private mortgage insurance coverage for default related losses on residential mortgage loans made primarily to homebuyers. This segment is also involved in the consumer credit indemnity run-off business.

Shares are heading higher in a bullish "cup and handle" and higher share prices are expected for this stock.

52-Weeks Trading Range: $13.59 - $19.09

Entry Point: $19.00

Stop Loss: $18.00

Target Price: $20.90

Updates

1/27/2016 12:36:26 PM

ORI closed at $18.20

Position closed on 1/27/2016 at price of $18.20 with a -4.21% loss in 29 days.

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