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NiSource – 52 Week High

Source: | Filed in Oil & Gas | rss icon Subscribe to Savvy Investor via RSS

8/27/10

Shares of NiSource, Inc. (NYSE:NI) booked a new 52 week high today by trading above $17.16, traders are definitely monitoring NiSource’s price action to see if this move attracts further buying into the stock.

NiSource Inc. (NYSE:NI), an energy holding company, thorugh its 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.

NiSource is currently trading 1.81% versus its previous trading session close, and it has calculated support and resistance at $14.19 and $17.15 respectively. Clearly with this action this range has been penetrated, and traders will be reviewing price action to establish a new tradable range

The overall market index S&P 500 is trading higher by 1.27% from its previous trading close, which means that NiSource stock is outperforming the overall market.

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