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After Yesterday's Decline of 9.54%, Nisource Inc Offers Investors Better Value

By James Quinn

Nisource Inc (NYSE:NI) traded in a range yesterday that spanned from a low of $25.03 to a high of $25.91. Yesterday, the shares fell 9.5%, which took the trading range below the 3-day low of $27.52 on volume of 19.3 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Nisource Inc has traded in a range of $22.44 to $28.11 and is now at $25.45, 13% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has remained constant.

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: rebounders nisource inc

Ticker(s): NI