Trade Alert - NiSource at New Highs

Published on Thursday, 29 December 2011 11:34 Written by TradersHuddle Staff

New York, December 29th (TradersHuddle.com) - Shares of NiSource, Inc. (NYSE:NI) booked a new 52 week high today by trading above $23.77, 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 0.59% versus its previous trading session close, and it has calculated support and resistance at $21.67 and $23.03 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 0.6% from its previous trading close, which means that NiSource stock is underperforming the overall market.