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Possible Bearish Inside Day Candle Pattern Detected for Energizer Holdin (NYSE:ENR)

By Amy Schwartz

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Energizer Holdin (NYSE:ENR) based on the price action in the company's shares. Today's price range of $45.41 and $45.67 is within yesterday's high and low of the day. This trading action often signifies indecision by bulls and bears to drive prices higher or lower and often implies a possible change in trend. Owners of Energizer Holdin may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

Energizer Holdings, Inc., together with its subsidiaries, manufactures, markets, and distributes household batteries, specialty batteries, and lighting products worldwide.

There is potential upside of 38.2% for shares of Energizer Holdin based on a current price of $45.60 and an average consensus analyst price target of $63.00. The stock should discover initial support at its 200-day moving average (MA) of $43.89 and subsequent support at its 50-day MA of $38.50.

Over the past year, Energizer Holdin has traded in a range of $32.54 to $64.00 and is now at $45.60, 40% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has slid 0.7%.

SmarTrend is monitoring the recent change of momentum in Energizer Holdin. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Energizer Holdin in search of a potential trend change.

Keywords: bearish inside day candle energizer holdin

Ticker(s): ENR