• Return to Headlines

Nisource Inc Rises 1.77% on Heavy Volume: Watch For Potential Pullback

By David Diaz

Nisource Inc (NYSE:NI) traded in a range yesterday that spanned from a low of $28.32 to a high of $28.60. Yesterday, the shares gained 1.8%, which took the trading range above the 3-day high of $27.95 on volume of 1.1 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Nisource Inc have traded between a low of $25.59 and a high of $30.67 and are now at $28.51, which is 11% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

SmarTrend is tracking the current trend status for Nisource Inc and will alert subscribers who have NI in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders nisource inc

Ticker(s): NI