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Nisource Inc Rises 1.29% on Heavy Volume: Watch For Potential Pullback

By Nick Russo

Nisource Inc (NYSE:NI) traded in a range yesterday that spanned from a low of $28.79 to a high of $29.12. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $29.05 on volume of 956,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Nisource Inc has traded in a range of $24.19 to $30.34 and is now at $29.06, 20% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.2%.

SmarTrend is monitoring the recent change of momentum in Nisource Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Nisource Inc in search of a potential trend change.

Keywords: rebounders nisource inc

Ticker(s): NI