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Bearish Moving Average Cross by Nisource Inc (NI)

By James Quinn

Today, shares of Nisource Inc (NYSE:NI) have crossed bearishly below their 10-day moving average of $29.12 on a volume of 314K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Nisource Inc have traded between a low of $24.19 and a high of $29.75 and are now at $28.95, which is 20% 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 Nisource Inc on March 11th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $27.61. Since that recommendation, shares of Nisource Inc have risen 6.3%. We continue to monitor NI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses nisource inc

Ticker(s): NI