NiSource (NI) is on the Move, Here's Why the Trend Could be Sustainable

Core Insights - The article emphasizes the importance of confirming trends in short-term investing to avoid losses and ensure profitability [1] - A unique short-term trading strategy called "Recent Price Strength" helps identify stocks with strong fundamentals that can maintain their upward momentum [2] Company Analysis: NiSource (NI) - NiSource has shown a solid price increase of 15.2% over the past 12 weeks, indicating investor confidence in its potential upside [3] - The stock has also increased by 5.2% in the last four weeks, suggesting that the upward trend is still intact [4] - Currently, NiSource is trading at 97.6% of its 52-week high-low range, indicating a potential breakout [4] - The stock holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises [5] - The Zacks Rank system has a strong track record, with Zacks Rank 1 stocks averaging a +25% annual return since 1988 [6] - NiSource also has an Average Broker Recommendation of 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term price performance [6] - The current price trend for NiSource is expected to remain positive in the near future [7] Investment Strategy - The "Recent Price Strength" screen identifies several stocks that meet the criteria for potential investment, suggesting a broader opportunity for investors [7] - The article highlights the importance of backtesting stock-picking strategies to ensure past profitability, which can be facilitated by tools like the Zacks Research Wizard [8]