Upgrade Alert for NiSource (NI)
NiSource (NYSE:NI) was upgraded from Underperform to Hold at Jefferies today. The stock closed yesterday at $22.90 on volume of 2.2 million shares, below average daily volume of 2.5 million.
NiSource (NYSE:NI) defies analysts with a current price ($22.90) 20.0% above its average consensus price target of $18.33. The stock should find resistance at its 50-day moving average (MA) of $22.90, as well as support at its 200-day MA of $19.87.
NiSource share prices have moved between a 52-week high of $26.94 and a 52-week low of $16.04 and closed yesterday at 43% above that low price at $22.90 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has risen 0.6%.
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.
SmarTrend is monitoring the recent change of momentum in NiSource. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of NiSource in search of a potential trend change.
Keywords: analyst upgrades/downgrades NiSource