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Nisource Inc Crosses Below its 10-day MA (NI)

By David Diaz

Today, shares of Nisource Inc (NYSE:NI) have crossed bearishly below their 10-day moving average of $27.34 on a volume of 11.4 million shares. Swing traders may find an opportunity 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 $22.44 and a high of $28.11 and are now at $25.25, which is 13% above that low price. The 200-day and 50-day moving averages have moved 0.06% higher and 0.43% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Nisource Inc on June 25th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $25.39. Since that recommendation, shares of Nisource Inc have risen 10.6%. 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