Trading Idea - NiSource Broke Resistance, What to Expect?

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Trading Idea - NiSource Broke Resistance, What to Expect?

Published on Thursday, 29 December 2011 18:56 Written by Christopher Lynn

New York, December 29th (TradersHuddle.com) - Shares of NiSource, Inc. (NYSE:NI) closed the trading session at $23.88 just above calculated resistance at $23.03 moving to what appears to be a new range, as this move will clearly raise the attention of momentum buyers.

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's stock was trading in a well defined range with support at $21.67 and resistance at $23.03, given that this range was broken traders will be closely monitoring the stock

NiSource Shareholders Elect Two New Directors; Says Chairman Plans to Resign in 2013 - Benzinga
NiSource Announces 4.3% Dividend Increase to $0.96 - Benzinga
UPDATE: Wunderlich Securities Raises PT to $26 on NiSource; Gas Infrastructure Opportunity - Benzinga
NiSource Stock Hits New 52-Week High (NI) - TheStreet.com
NiSource Stock To Go Ex-dividend Tomorrow (NI) - TheStreet.com
NiSource Reaches New 52-Week High (NI) - TheStreet.com
Rare Element Announces Positive Economic Results from Pre-Feasibility Study at Bear Lodge - Benzinga
Notable Call Options Activity in NiSource - Benzinga
NiSource Stock Hits New 52-Week High (NI) - TheStreet.com
Wunderlich Securities Maintains Hold, $23 Target on NiSource - Benzinga

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