NiSource: 52-Week High Recently Eclipsed (NI)
NiSource (NYSE:NI) traded today at a new 52-week high of $25.93. So far today approximately 318,000 shares have been exchanged, as compared to an average 30-day volume of 2.5 million shares.
Based on a current price of $25.93, NiSource is currently 29.3% above its average consensus analyst price target of $18.33. The stock should discover initial support at its 50-day moving average (MA) of $22.90 and subsequent support at its 200-day MA of $19.87.
NiSource Inc. is an energy holding company. The Company's subsidiaries provide natural gas, electricity and other products and services to customers located within a corridor that runs from the Gulf Coast through the Midwest to New England.
NiSource share prices have moved between a 52-week high of $25.93 and a 52-week low of $16.04 and are now trading 62% above that low price at $25.93 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.5%.
SmarTrend recommended that subscribers consider buying shares of NiSource on September 25th, 2015 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $17.90. Since that recommendation, shares of NiSource have risen 43.0%. We continue to monitor NI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: 52 week high/lows NiSource