Energizer Crosses Below its 10-day MA (ENR)
Energizer (NYSE:ENR) crossed under its 10-day moving average of $50.06 on a volume of 207K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
Energizer share prices have moved between a 52-week high of $53.41 and a 52-week low of $28.86 and are now trading 73% above that low price at $49.81 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 1.3%.
SmarTrend recommended that subscribers consider buying shares of Energizer on February 3rd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $36.03. Since that recommendation, shares of Energizer have risen 41.4%. We continue to monitor ENR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses Energizer