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What’s ahead for NiSource after Its 35% Year-to-Date Rise?

Vineet Kulkarni - Author
By

Nov. 20 2020, Updated 11:45 a.m. ET

Technical indicators

NiSource’s (NI) stock is currently trading at 4% and 16% premiums to its 50-day and 200-day moving averages, respectively. Its relative strength index (or RSI) is 56.

A fair premium to its 50-day and 200-day moving averages indicates possible strength in NI’s stock.

RSI is a momentum indicator made up of values between 0 and 100. RSI levels of below 30 are considered to be in the oversold zone, and levels of above 70 are considered to be in the overbought zone.

In the final part of this series, we’ll take a look at the target prices for utilities companies (FXU) (VPU).

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