Sunday, October 07, 2007

NI Analysis for 10.07.2007

NISOURCE INC.
Monthly chart shows initial buying off the $17.50 area low.

Weekly chart shows price closed above the prior s/r and key LIS of $20.70

Daily chart shows strong buying on Friday, with price gapping up and closing above prior high of $19.73. Look for the $17.50 low to hold, and first upside target of $20.60ish.

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