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Will the Rally in NiSource’s Stock Sustain?

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NiSource’s performance so far in 2016

NiSource (NI) has risen by more than 35% so far in 2016. Peers Eversource Energy (ES) and CenterPoint Energy (CNP) have managed to rise by nearly 16% and 40%, respectively, in the same period.

Based on their attractive valuations, mid-size utilities rallied more sharply this year compared to their larger counterparts.

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NiSource’s smooth ascent in the last year—with only minor glitches in between—helped it to outperform its peers as well as broader equities (SPY) by a huge margin.

Let’s have a look at NiSource’s technical indicators in the next article.

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